All business segments of ICD, the principal investment arm of the Government of Dubai, contributed to this outstanding achievement. Dubai Investments is committed to consistently accelerate the transformation of the Groups strategy focused on its people and culture by building a strong and diverse workforce along with continued efforts towards enhancing sustainability and digitisation efforts. Dr. Lina Abu Bakr, Executive Director of the Arab Women Authority, added, "We were delighted to participate in this insightful discussion on investment opportunities for women with National Bonds. As a group, we are focused on maintaining momentum and delivering consistent performance and our aim is to continue this phenomenal journey by embarking upon new ideas and innovations as the driving force behind emerging as a leading investment company across the region and beyond. Investment Corporation of Dubai Profile: Commitments & Mandates | PitchBook Indian businessmen and traders have contributed significantly to the . He holds a Bachelor Degree in Business Administration majoring in Business Management and currently holds the following positions: Board member of AHI Carrier FZC, Vice Chairman of Danat El Emarat Hospital Project, Board Member of Marka PJSC and Board Member of Al Mal Capital PJSC. Mr. H.H. (24) of 2020 on the Board of Directors of the Investment Corporation of Dubai. The Meydan groups portfolio includes real estate projects and housing for airline Emirates, according to its website. He holds a degree in Business Management from USA and is a Management Major from Metropolitan State College, USA. The MoU focuses on expanding the circle of coordination and investment cooperation between the two institutions to serve their . Search latest Sindh Police jobs online. Copyright Emirates News Agency (WAM) 2020. This button displays the currently selected search type. Douraid Zaghouani is Chief Operating Officer of ICD, the principal investment arm of the Government of Dubai ($309 Billion AUM). According to Government of India figures, in FY 2015-16, trade between India and UAE crossed US$ 49bn, with Indian exports worth US$ 30bn to the UAE and US$ 19bn worth of UAE's exports to India, thus making UAE India's one of the top trading partner. With the global economy and the society resorting to new and enhanced ways of doing business, the Group has focused on moving away from conventional thinking and traditional operating models to be competent to benefit from the opportunities arising from this paradigm shift. We will keep you informed on the items that matter to you most. Board Of Directors ICD has been mandated to enable the globalization and privatization of these iconic brands. (24) of 2020 on the Board of Directors of the . For better web experience, please use the website in portrait mode. Dubai ruler issues decrees to restructure boards of Investment In addition, ICD has two Sukuk, also commonly referred to as sharia compliant bonds, on Nasdaq Dubai, one worth $1 billion listed in 2017 and another worth $700 million listed in May 2014. H.E. Copyright 2023 DIFC. It's no wonder we've been named Tripadvisor's #1 Most Popular Destination in the World for the second year running. %PDF-1.5 About the Rwanda Development Board . Presently, he is serving as Consul General of Pakistan at Dubai since August 2021. Copyright 2023, Investment Corporation of Dubai. Since 1998, H.E. An integral part of this vision is delivering superior returns to our shareholders, consistent with our pre-defined risk profile and comparable to other best-in-class corporations. Al Mesmar is also a member of the Board of Directors of Emicool LLC and a member of Dubai Investments' Audit Committee. Designated Non-Financial Businesses and Professions. 3 0 obj Decree No. (24) of 2020 Reconstituting the Board of Directors of the H.H. In a contest where the players put their early season win streaks on the line, it was Rotterdam and . Subscribe to our mailing list to get the updates to your email inbox. Fidus Investment Corporation Announces Fourth Quarter and Full Year Investment Corporation of Dubai (ICD) - Contacts, Employees, Board In light of the global developments and the UAE's strategic plans, and in line with the State's policy to promote economic diversification,. You have requested to send this page to your email. Our vision is to provide impeccable quality by delivering superior management performance and top of the line services to our investors Ethics, Integrity, Accountability & Ownership , Work Excellence, Human Capital Asset and Innovation. Pierre-Andr de Chalendar Chairman of the Board of Directors of Compagnie de Saint-Gobain Benoit Bazin Chief Executive Officer of Compagnie de Saint-Gobain Director Jean-Franois Cirelli Independent Director Chairman of the Nomination and Remuneration Committee Lydie Cortes Employee Director Member of the Nomination and Remuneration Committee Khalid Bin Kalban is the Managing Director and Chief Executive Officer of DI. Founder, Chairman and CEO, eXp World Holdings CEO, eXp Realty. Chairman - Nakheel Dubai Investments has emerged as a dynamic engine of economic growth, successfully earning the reputation of being a stable organisation, fueling the regions economic performance and diversification strategies. In the UAE, Imdaad continues to enjoy significant market share with a large base of diverse clients across various sectors. Read Full Bio Chief Executive Officer Ahmad Bin Fahad. endobj Board of Directors. Soonyoung Chang has served as a director of Brookfield Reinsurance since November 2021. Mohammed Ibrahim Al Shaibani is the Director-General of H.H. EITC Board contributes towards developing strategy aspiring to create and shareholder value, confidence and maintain sustainability. He holds a Bachelors Degree in Economics from Cairo University and Diploma in Banking and Financial Studies from New York. Members of the board: Name: Title: Age: Since: Mohammad Al-Shaibani: Chairman--Ahmad Mohammad Saeed bin Humaidan: Director--Yahya Saeed Ahmad Nasser Lootah: Vice Chairman--Hamad Al-Shamsi: Director--Abdulaziz Al-Muhairi: Director-- . Board of Directors: What It Is, What Its Role Is - Investopedia All rights reserved. Investment Corporation of Dubai (ICD) is a sovereign wealth fund based in Dubai, United Arab Emirates. from a carefully curated collection of retailers, Thanks to the acceleration of the futuristic vision of the UAEs leadership, focused on enhancing and driving the non-oil sectors with a significant pipeline of infrastructure developments. He has served with EFU Group for over 30 years and presently serves as a Deputy Managing Director of EFU General Insurance Limited looking after the largest Marketing and Sales Division of the Company. Sheikh Ahmad bin Saeed Al Maktoum, as member; 3. Our business performance is also a result of the strong and positive relationships with our stakeholders. Mohamed Hadi Ahmed Abdulla Al Hussaini Director Mr. Ali Humaid Ali Abdalla Al Owais Director Mr. Salem Mohammed Obaidalla Director H.E. H.H. Atrium Mortgage Investment Corporation Announces March 2023 Dividend The Dubai Ruler's Court, a prime government body of the Emirate. ICD was established in 2006 to manage the government's portfolio of investments and companies. The ICDs first-half revenues reached a record AED121.1 billion, a 61 percent increase compared to the same period last year. Mohammed Al Shaibani is the Director General of H.H. He holds a degree in Petroleum Engineering and is currently the Vice Chairman of Invest Bank, A LEADING FIRST-OF-ITS-KIND UAE-BASED INVESTMENT COMPANY. GFH Capital Dubai, Al Areen Holding Company, and EAT app Qualification: BSc and BA in Marketing from Suffolk University, Boston, Massachusetts - USA . He is the former CEO of Abu Dhabi National Oil Company (ADNOC) as well as the former CEO and Chairman of Aabar. This site is maintained by Department of Finance. Board of Directors - Global Capital Funding Inc Investment Corporation of Dubai is a sovereign wealth fund of the Government of Dubai established in 2006, [2] with a mandate to manage the Government of Dubai's portfolio of commercial companies and investments. Let's explore! Investment Corporation of Dubai is a sovereign wealth fund of the Government of Dubai established in 2006, [2] with a mandate to invest funds on behalf of the Government of Dubai, and manage their portfolio of investment companies. Sheikh Ahmed bin Saeed Al Maktoum President of the Department of Civil Aviation, CEO of The Emirates Group and Chairman of Dubai World Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum is its vice chairman. Values. 2hQ(GB3k/)"VK|24) 'TjEe=m{+xkkkr)>rOsTr_" SP^n] (24) of 2020, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum will lead ICD as the chairman of the board . 1. AHMED HUMAID AL TAYER until 11 November 2012. Board of Directors - ADIA Copyright Department of Finance 2016, All Rights Reserved. Huda Sayed Naim AlHashimi Director Mr. Jassim Mohammed Abdulrahim Al Ali Director H.E. Data is being processed: Staff (Agents, Workers), Suppliers, Complainants, Correspondents, Enquirers, Relatives and Associates, Advisors, Consultants, Prof. Vice Chairman of the UAEIIC. Hamad Buamim Board Member Abdulla Hamad Al Shamsi Board Member Javier Marin Romano Board Member 13 February 2023 Douraid Zaghouani - Chief Operating Officer - Investment Corporation of endobj AI. [29], ICD's portfolio primarily includes businesses and assets either wholly or partially owned by the Dubai Government. <>>> (Reuters), Israel Tells Top US General It Sees Need to Cooperate against Iran, EU Diplomat Demands Accountability Following Israeli Settler Rampage in West Bank, Ericsson to Pay $206 Mln over Corruption Case in Iraq, US Sending Bridge-launchers to Ukraine for Spring Fight, Earthquakes Caused $5.1 Bln in Damage in Syria, World Bank Estimates, Saudi Arabia Bolsters Private Sector Partnership to Achieve Economic Sustainability, Saudi Arabia to Support Sudan Until It Overcomes Exceptional Circumstances, Archbishop of Vienna Stresses Importance of Makkah Document in Confronting Hatred, Saudi Green FlagA Symbol of Unity, Sovereignty, Tennis - ATP 500 - Mexican Open - Arena GNP Seguros, Acapulco, Mexico - March 3, 2023 Tommy Paul of the US in action during his semi final match against Taylor Fritz of the US REUTERS/Henry Romero, Security officers march in formation outside the Great Hall of the People in Beijing, Saturday, March 4, 2023. Processing of Special Categories of Personal Data: Purpose for the Personal Data Processing: Administration of Membership Records, Benifits, Grants & Loans Administration, Information & Data Bank Administration, Insurance Administration, Licensing & Registration, Pensions Administration, Staff Administration. [3] At 2022, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. Experts. Get to know the people behind Dubai Investments' success: BOARD OF DIRECTORS Abdulrahman Ghanem A. Al Mutaiwee Chairman Khalid Jassim Mohamed Bin Kalban Vice Chairman and CEO Ali Fardan Ali Al Fardan Director Mohamed Saif Darwish Ahmed Al Ketbi Director He served as the Interim Chief After this he moved to Singapore for four years, as Managing Director of Al Khaleej Investments. Listed on the Dubai Financial Market in 2000, Dubai Investments has 15,482 shareholders with a share capital of AED 4.25 billion. Reem bint Ibrahim Al Hashimi, as member; 4. upGrad appoints Dan Rosensweig to board of directors The Board of the Investment Corporation of Dubai (ICD) approved ICDs consolidated financial results for the six months ended 30th June, 2022. ICD focuses its CSR activities in the areas of education and innovation. The Board of Directors meeting was chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Chairman of ICD, and in the presence of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Vice-Chairman of ICD. Management of ADIA is vested in ADIA's Board of Directors, which comprises a Chairman, Deputy Chairman, Managing Director and board directors who are appointed by a decree of the Ruler of the Emirate of Abu Dhabi. We are proud to record ICDs best-ever financial performance during the first half of a year, underscoring Dubais position as one of the worlds most dynamic, resilient, and future-ready cities. Over these years, the Group has strengthened its businesses, rolled out strategic tactics, maintained consistency, created value, delivered sustainable returns and enhanced resilience, capitalising on the lucrative opportunities and carving a solid foundation for the long-term future. By embracing change and innovation, Dubai offers an exceptional and exemplary model to emulate for shaping the new world economic paradigm. [11] In the same year, the merger of EBI and NBD took place and Emirates National Bank of Dubai (ENBD) was formed with a market capitalization of more than $11.3 Billion. BOARD OF DIRECTORS - DAE - Dubai Aerospace He is married. Investor Relations Board of Directors DIFC Hosts the Worlds First Finance Summit Dedicated to Advancing COP28 Agenda in the Global Finance Industry, 08 Mar 2023 - 09 Mar 2023, 8:00 am - 5:00 pm. endobj The minister also sits on the board of directors at the Dubai Chamber for Commerce and Industry, and is on the board at the National US Arab Chamber of Commerce. More than shopping,DIFCis about games and winning too. Edtech firm upGrad has announced the appointment of Dan Rosensweig, a longtime Silicon Valley executive, to its board of directors, said a statement issued today. Green Impact Partners Welcomes New Independent Board Member Board of Directors | Corporate Governance | Investor relations - du The Board of Directors meeting was chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Chairman of ICD, and in the presence of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Vice-Chairman of ICD. Al Qubaisi sits on other company boards and is the Chairman of Emirates Refreshment Company, Vice Chairman of Emirates Modern Poultry Company (Al Rawdah) and a board member at Aswaaq. Glenn Sanford. He is also the CEO and Executive Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. Description of the Class of Personal Data being Processed: Personal details, family, social circumstances and employment details. ICD, the principal investment arm of the emirates government, reported a 17 per cent increase in net profit for 2019 following a strong performance from investments in banking and financial services as well as transportation businesses. [5] History [ edit] CEO: The chief executive officer of the ICD. [5] Contents 1 History 2 Governance Sheikh Mohammed also issued Decree No. Website Privacy Policy and Privacy Notice. Jan 1994 - Jun 200814 years 6 months. Board member since inception in 1995 and Chairman of the Board since 2010. H.E. [3] At the end of 2019, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. (24) of 2020, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum will lead ICD as the chairman of the board, according to a tweet by the Dubai government's media office. Sheikh Hamdan attributed the exceptional performance to the vision and encouragement of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to make Dubai one of the primary champions of global economic growth, state news agency WAM reported. Al Mesmar is a graduate in Business Administration from the Higher Colleges of Technology. H.E. Mohammed Shaibani - Gateway Partners Explore the district beyond the office, A leading first-of-its-kind UAE-based investment company, Dubai Investments was incorporated in 1995. By doing so, we are making valuable contributions to the continuing development of a learning and empowered society for the benefit of our stakeholders. [citation needed], In October 2017 ICD listed a $200 million Sukuk on NASDAQ Dubai. He is also the founder and former Group CEO of Emirates National Oil Company (ENOC). About Us | Al Rawabi DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae. Executive Council | The Executive Council Members H.E. Al Saleh is a fellow member of the Chartered Institute of Management Accountants (CIMA) in the United Kingdom and holds an MBA degree from the American University of Sharjah. Khalid Muhammad AlZubair Chairman Sheikh Khalid Abdullah Al Khalili Deputy Chairman Engineer Jamal Shamis Al Hooti Director Brigadier Jamal Said Al Tai Director The Rulers Court is the Prime Government Body of Dubai, U.A.E. Dubai Investments Real Estate China's National People's Congress (NPC), the country's top legislative body, begins its annual session on Sunday. Who We Are - Dubai Investments At Investment Corporation of Dubai (ICD), we believe in attracting, developing and retaining high potential talent who relish the opportunity of working in a fast-paced, performance-driven organisation and contribute to Dubais strategic development. Dubai: Wilson: Lamont: Partner, Co-Head, European Real Estate: Investment Professionals: Real Estate . Dubai Islamic Bank Public Joint Stock Company, licensed & regulated by the Central Bank of the UAE. Established in 2006, ICD manages a broad portfolio of assets, both locally and internationally, across a wide spectrum of sectors that support Dubais dynamic economy. Investment Corporation of Dubai and Meydan City boards restructured This was its second conventional bond listing on Nasdaq Dubai, after a $300 million bond was listed in 2014. Incorporation PJC: H.E. Hard and soft facilities management and environmental services; Explore the world-class ecosystem that will help your business thrive and grow. May I help you with something? Investment Corporation of Dubai - Wikipedia Abu Dhabi Investment Authority 211 Corniche, PO Box 3600 Abu Dhabi, United Arab Emirates Phone +971 2 415 . Data Subjects or class of Data Subjects whose Personal Douraid Zaghouani Chief Operating Officer. Mohammed Al Shaibani is the Chairman of Dubai Islamic Bank. Imdaad - Investment Corporation of Dubai . The Dubai Ruler's Court, and Managing Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. Under the Mubadala Delegation of Authority, the Board delegates aspects of its authority for executive management to the Group Chief Executive Officer and Managing Director, Khaldoon Khalifa Al Mubarak, as well as to Mubadala's Investment Committee. io`fC,Y:*Qa;pe{xKic{]AEn]q3#]x)8]`rh\z'"scw%X-r;@a 6];OZx|MPwj|;~e|koj_&vcLGP|~=l:QawCJ#HE1J];55xiUP$Y*9~zaO._AsXo(H;qq/O+%1qr @e?$D aJbeZ0` :w fb*9VhC}W;eJ if$B2({y*R:\DI,D)`46RA;*|q (25) of 2020 regardingthe board of directors of Meydan City Corporation. Investment Corporation of Dubai is a sovereign wealth fund of the Government of Dubai established in 2006,[2] with a mandate to invest funds on behalf of the Government of Dubai, and manage their portfolio of investment companies. [6][11], Last edited on 24 November 2022, at 01:38, Learn how and when to remove these template messages, Learn how and when to remove this template message, Sheikh Hamdan bin Mohammed bin Rashid al Maktoum, Maktoum bin Mohammed bin Rashid Al Maktoum, "ICD arm paid $2.2bln for AWAS leasing business, accounts show", "Investment Corporation of Dubai reports Dh25 billion net profit, up 16.9% year on year in 2019", "Dubai wealth fund readies bonds, COVID-19 may hit revenue", "Dubai's sovereign wealth fund posts record $63bn revenue in 2018", "Investment Corporation of Dubai and its subsidiaries", "The Middle East's 10 Biggest Sovereign Wealth Funds (For Now)", "ICD and Dubai South launch 'City of Trade' to connect global wholesale buyers and sellers", "Dubai's ICD Invests $300 Million in Nigeria's Dangote Cement", "Dubai sovereign wealth fund sees profits surge 62%", "Emirates Bank International (EBI) merger with National Bank of Dubai (NBD) - A valuation perspective", "Top 10 mergers and acquisitions of the two decade - Top national-bank-dubai-nbd-and-emirates-bank-international-ebi-merger | Lists | Business Chief EMEA", "Emirates Bank International, NBD to merge", "Nasdaq to acquire OMX in deal with Borse Dubai", "Investment Corporation of Dubai's 2019 profit jumps 17% on banking and transport investments", "Investment Corporation of Dubai takes control of National Bonds", "Dubai Aerospace Enterprise sells $750 million in five and a quarter years sukuk", "Two Builders Invested in by Middle Eastern Funds Show Starkly Different Performances", "Investment Corp of Dubai buys three international hotels", "Dubai's ICD Acquires Stakes In Three Hotels", "Investment Corporation of Dubai buys Montenegro yacht resort", "Investment Corporation of Dubai acquires Porto Montenegro Marina", "Investment Corporation of Dubai reports flat profit despite higher revenue", "Dubai's sovereign wealth fund lists $200m bond on Nasdaq", "ICD's performance makes case for 10-year Saudi sukuk, investors say", "UAE funds said to be in fray for Indian investment firm deal", https://en.wikipedia.org/w/index.php?title=Investment_Corporation_of_Dubai&oldid=1123494134, Abdulrahman Saleh Al Saleh (board member), This page was last edited on 24 November 2022, at 01:38. Mr. Hesham Abdulla Qassim Al Qassim Vice Chairman and Managing Director Mr. Buti Obaid Buti Al Mulla Director H.E. Website Privacy Policy and Privacy Notice.
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