investment corporation of dubai board of directors

investment corporation of dubai board of directors

4 0 obj Copyright 2023 All rights reserved. Mr. Syed Basar Shueb Chairman Read Biography Dr. Mhd Somar Ajalyaqin Description of the Class of Personal Data being Processed: Personal details, family, social circumstances and employment details. Residential maintenance, and GFH Capital Dubai, Al Areen Holding Company, and EAT app Qualification: BSc and BA in Marketing from Suffolk University, Boston, Massachusetts - USA . The DIFC Authority Board of Directors ensure that all of the Centre's activities, ranging from infrastructure development, financial management and client relations, are structured and implemented in such a way as to serve the strategic vision of Dubai's leadership HIS EXCELLENCY ESSA KAZIM CHAIRMAN [3] At 2022, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. C^L:X,n3Azt/*hB%N( FYHDo7a7-0 V2qm:raq 'DSgK^+,5vLnZ m9WUey]6xBC+/ES+Vu~M5$[ukb;dz}`0jf75JK!qVr*bCq)9TwExYE=w}ZD#kpqg-TK]Yw{/eR,.95g]U|Cuzou=!#ol^B$p(Ur|Chh[$m? An exhibition was also held on the sidelines of the forum. Experts. You have requested to send this page to your email. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, as vice chairman; 2. "The decrees are effective from their date of issuance," according to the statement. Let's explore! Vice Chairman of the UAEIIC. Base Dividend Increased to $0.41 Per Share, Reflecting Improved Earnings Power of Fidus' Portfolio. Start new career by applying job advertisement of 04 March, 2023 in Dawn paper, application deadline of new career opportunity is 31 March, 2023 Al Saleh is the Vice Chairman of the Emirates National Oil Company (ENOC). %PDF-1.5 Copyright Department of Finance 2016, All Rights Reserved. Investment Corporation of Dubai is the principal investment arm of the Government of Dubai. The Board primarily formulates the HKIC's investment strategies and mandate, and makes decisions on investment projects as well as ensures and upholds the . Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum is its vice chairman. <> As3y Investment Corporation of Dubai Dear partners, friends, and colleagues, I am super proud to announce, eData had a fantastic year, challenging but its best since 2008! Mohammed Ibrahim Al Shaibani, as member; 6. Looks like you may be taking time to decide. We strive to increase the value of our business while maintaining high ethical values and a commitment to the development of society through integrity and fair business practices. Toronto, Ontario-- (Newsfile Corp. - March 3, 2023) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has . BUILDING MATERIALS, CONSTRUCTION & CONTRACTING. Mubadala's Board members include some of the UAE's most senior public . He also chaired a number of committees, notably the VAT Committee at Dubai Customs. Board of Directors. Read Full Bio Chief Executive Officer Ahmad Bin Fahad. [citation needed], In October 2017 ICD listed a $200 million Sukuk on NASDAQ Dubai. [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. Held diplomatic assignments in Pakistan Missions Abroad: Berlin (2005-2009), Pretoria (2011-2014) and Hanoi (2014-2017). Get to know the people behind Dubai Investments success: Our vision is to provide impeccable quality by delivering superior management performance and top of the line services to our investors. 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. We will keep you informed on the items that matter to you most. About the Council. In its entirety, the portfolio is reflective of Dubais growth plan and strategic focus areas. Copyright 2023 DIFC. Board of Directors: The board of directors of the ICD. Chairman of the UAEIIC. Copyright 2023, Investment Corporation of Dubai. A resident of Dubai, UAE, Dr. Chang serves as Senior Advisor to the Investment Corporation of Dubai, providing strategic counsel and lending his global perspective to the investment arm of the Dubai Government. H.H. Nader Bekhouche Principal. The Board has the power to make or amend rules and will recommend primary legislation for enactment by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Copyright 2023, Investment Corporation of Dubai. Douraid Zaghouani is Chief Operating Officer of ICD, the principal investment arm of the Government of Dubai ($309 Billion AUM). Reem bint Ibrahim Al Hashimi, as member; 4. Hard and soft facilities management and environmental services; In 2019, ICD's total assets passed the Dh1 trillion mark, growing by 27.5 per cent to Dh1.12tn. H.E. Investment Corporation of Dubai (Investment Company) 2,097,000,216: 29.0%: Yahya Saeed Ahmad Nasser Lootah . Abdulrahman Ghanem A. Al Mutaiwee is a high-ranking diplomat and has held senior management positions in various ministries and government establishments.He has also served as the Ambassador of the UAE to the Court of St. James and Iceland. AI. 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. It's no wonder we've been named Tripadvisor's #1 Most Popular Destination in the World for the second year running. Fire safety consultation and management. Ares Private Equity Group and Chief Financial Officer and Treasurer of Ares Commercial Real Estate Corporation: Investment Professionals: Finance and Accounting: Washington D.C . He holds a Bachelors Degree in Electrical Engineering from Florida Institute of Technology, USA and a Management Degree from Cranfield School of Management, England. Directors: MOHAMMED BIN RASHID AL MAKTOUM until 15 December 2020. Net profit increased to Dh25 billion from the year-earlier period, it said in May. The ICDs first-half revenues reached a record AED121.1 billion, a 61 percent increase compared to the same period last year. Khalid Bin Kalban has extensive experience in manufacturing, industrial, financial investments and real estate sectors. Investment Corporation of Dubai owns more than Dh1 trillion in assets, including Emirates National Oil Corporation. 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. As a group, we believe in constantly transforming ourselves and shaping bold new investment strategies with the aim to deliver added value through our businesses. 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. His Excellency Abdulrahman Saleh Al Saleh is the Director General of the Government of Dubai's Department of Finance (DOF) since 2009. The Dubai Ruler's Court, and Managing Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. . Designated Non-Financial Businesses and Professions. China's National People's Congress (NPC), the country's top legislative body, begins its annual session on Sunday. He holds a Bachelor of Science in Civil Engineering and is a Chartered Civil Engineer. DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae . ;H6+nOC|ejUv(Ocn(?ici0\m. Sohail Al Mazrui has wide experience in Petroleum Engineering and executive experience in the Oil Industry. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. 2 years. Board Member since inception in 1995 and Vice Chairman of the Board since 2010. Beautiful beaches, record-breaking attractions and experiences like no other - Dubai is the place to be in 2023. 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. The Investment Corporation of Dubai (ICD) is the primary sovereign wealth fund of the government of Dubai. About the Rwanda Development Board He is also the CEO and Executive Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. H.E. We will continue to foster innovation, especially in future-focused sectors, while driving efficiency and implementing confidence-boosting measures in our traditional economic pillars to set new benchmarks and enhance Dubais global competitiveness and status as the worlds premier business and investment hub," Sheikh Hamdan added. ICD: The Investment Corporation of Dubai. Khalid Bin Kalban is the Managing Director and Chief Executive Officer of DI. Huda Sayed Naim AlHashimi Director Mr. Jassim Mohammed Abdulrahim Al Ali Director He started his professional life with the Dubai Ports Authority & Jebel Ali Free Zone where he worked for seven years. He is currently the Vice Chairman of Al Fardan Group, Managing Director of Al Fardan Real Estate, CEO of First Investor LLC, Board Member of Al Mal Capital PSC and Board Member of Commercial Bank of Dubai PJSC, Mohamed Al Ketbi has experience in Investments & Projects, Real Estate and Hospitality sectors. ICD offers a diverse work environment where all colleagues collaborate and contribute towards the achievement of the organisations goals and objectives, while living the ICDs Corporate Values of Excellence, Commitment, Sustainability, Integrity and Respect. Dubai Islamic Bank Public Joint Stock Company, licensed & regulated by the Central Bank of the UAE. 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 endobj H.E. In the UAE, Imdaad continues to enjoy significant market share with a large base of diverse clients across various sectors. 3 0 obj 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. The Meydan groups portfolio includes real estate projects and housing for airline Emirates, according to its website. Sheikh Ahmed bin Saeed Al Maktoum President of the Department of Civil Aviation, CEO of The Emirates Group and Chairman of Dubai World The ruler of Dubai on Saturday issued decrees to restructure the boards of the emirate's sovereign wealth fund Investment Corporation of Dubai (ICD) and state-owned developer Meydan City Corporation. 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. @2>K| "^tqk$>){oBdn CEO of Ithra Dubai Raad Jarrah Chief Development Officer Brett Lahner Chief Financial Officer Abdulla Al Qubaisi Executive Director - Operations Graham Wilson Executive Director - Contracts and Procurement Nicholas Andriotis Executive Director - Human Resources Lachlan Gyde Executive Director - Asset Management Faris Hadi Mohammed Al Shaibani is the Director General of H.H. Board of Directors Declared Total Dividends of $0.66 per Share for First Quarter 2023. Mohammed Ibrahim Al Shaibani will serve as the Managing Director. We know that a supportive business environment is key to helping your company thrive. The Decrees are effective from their date of issuance and will be published in the Official Gazette. ICD was established in 2006 to manage the government's portfolio of investments and companies. 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. [19], In 2015, ICD acquired a controlling stake in South Korean construction firm Ssangyong Engineering and Construction,[20] Mandarin Oriental New York, and Washington DC hotel. from a carefully curated collection of retailers, EITC Board contributes towards developing strategy aspiring to create and shareholder value, confidence and maintain sustainability. DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae. In addition, His Excellency is CEO and Executive Director of the Investment Corporation of Dubai (ICD); Chairman of Mohammed bin Rashid Housing Program; Vice Chairman of Deira Investment Company; and a member of the Board of Directors of Dubai Aerospace Enterprise. 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. 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. The site is best viewed using IE10 and above, Mozilla Firefox, Safari and Chrome. Explore the district beyond the office, 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. EVANSTON, Ill., March 02, 2023 (GLOBE NEWSWIRE) Fidus Investment Corporation (NASDAQ:FDUS) ("Fidus" or the "Company"), a provider of customized debt and equity financing solutions, primarily to . (24) of 2020 on the Board of Directors of the . (25) of 2020 regardingthe board of directors of Meydan City Corporation. The 61 percent growth in ICDs revenues and a more than ten times increase in its profits during the first half of 2022, despite the global economic slowdown and uncertainty worldwide, reflects the resilience and robustness of Dubais economy and the prudence of its fiscal policies. (AP Photo/Ng Han Guan), A metalworker fixes a fence of a fashion shop in downtown San Salvador, El Salvador, late Friday, March 3, 2023. Website Privacy Policy and Privacy Notice. The Investment Corporation of Dubai consolidates the commercial and business assets of Dubai Government. 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. This site is maintained by Department of Finance. Khaled Al Kamda has over three decades of senior management experience across a number of sectors including airlines, private equity and banking and has also held senior management positions in government establishments. May I help you with something? The Board of Governors may delegate all its powers to the Board of Executive Directors with the exception of those set out in Article IV, Section 2 (c), of the Agreement Establishing the Inter-American Investment Corporation and any other powers specified in said Agreement. Hamad Buamim Board Member Abdulla Hamad Al Shamsi Board Member Javier Marin Romano Board Member 13 February 2023 Served at the Ministry of Foreign Affairs, Islamabad as Director General (July- 2019-July 2021). 2 0 obj 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. During 2021 the Committee members were: Charles Flint KC (Chairman) Abdul Wahid Al Ulama; Julie Dickson 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. Access the DIFC Public Register for Information on the regulated and non-regulated companies within the district. 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. Our Investment strategy is anchored by key guiding principles: Fundamentals Value Creation Diversification Timing Our Board Chimera Investment is led by a team of highly resourceful and talented directors who bring market depth and decades of investment experience to the table. 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. W*Qyh5HBqj8B#zq4KH3$i~%CRVsB%?$w$*T*M4+DHHt*'w He is a member of the Executive Council of Dubai, a member of the Board of Directors of the Investment Corporation of Dubai and also the Director General of the Dubai World Trade Centre Authority (DWTCA). H.E. AHMED HUMAID AL TAYER until 11 November 2012. In a contest where the players put their early season win streaks on the line, it was Rotterdam and . Board Member of Gulf Investment Corporation GSC - State of Kuwait. Kiernan also serves as an independent director on the boards of Empress Royalty, Soma Gold Corp., Altaley Mining Corporation and as a Board Member Consultant to the BC Energy Regulator. Mr. Hesham Abdulla Qassim Al Qassim Vice Chairman and Managing Director Mr. Buti Obaid Buti Al Mulla Director H.E. [18] In 2012 ICD acquired Smartstreams Technologies group limited and controlling stake in Dubai Aerospace Enterprise (DAE). 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-- . Since then, it has grown to become a major player in the economy of Dubai and the UAE, with prudent investments in diversified sectors and markets across the globe real estate, industrial, finance, healthcare and education among others. H.H. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Sheikh Ahmad bin Saeed Al Maktoum, as member; 3. Previously, H.E. "We are proud to record ICD's best-ever financial performance during the first half of a year, underscoring Dubai's position as one of the world's most dynamic, resilient, and future-ready . Investment Corporation of Dubai (ICD) is a sovereign wealth fund based in Dubai, United Arab Emirates. CEO: The chief executive officer of the ICD. He is also the founder and former Group CEO of Emirates National Oil Company (ENOC). Other position holders include board members. Bilateral Trade. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, Vice President and Prime Minister of the UAE issued Decree No. [2], In 2009, the Dubai Government transferred Dubai Duty Free, Dubai Silicon Oasis Authority, Dubai Airport Free Zone Authority,[17] Emaratech, and Aswaaq to ICD. [5] History [ edit] They have been instrumental in shaping our sustainable growth and reputation over the years and we have in return focused on providing lucrative business propositions, coupled with unsurpassed quality as a benchmark for delivering excellent business performance alongside upholding high ethical standards. In his capacity as Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. [12][13][14] The Government of Dubai transferred Dubai financial Market and Dubai International Financial Exchange to Borse Dubai which acquired interest in London Stock Exchange and Nasdaq OMX. Material recovery services; H.E. Led the Bank's loan operations team in China restructuring state-owned enterprises, corporate governance reform, state asset management strategies, trade . Mohamed Hadi Ahmed Abdulla Al Hussaini Director Mr. Ali Humaid Ali Abdalla Al Owais Director Mr. Salem Mohammed Obaidalla Director H.E. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.5 842.25] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> H.E. to a diverse range of art galleries and some of the citys best restaurants. The DIFC is more than just a world-class financial centre. Mohammed Al Shaibani has held the position of President at the Dubai Office, a Private Management office for the Royal Family of Dubai. It also owns Emirates National Oil Corporation, holds a minority stake in developer Emaar Properties and in the Dubai Airport Free Zone and the World Trade Centre. Board Member Khalifa Hassan Abdulla Al Daboos. 2 min read. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Yahya Saeed Ahmad Nasser Lootah Vice Chairman Board of Directors Hamad Abdulla Rashed Obaid Al Shamsi Board Member Ahmad Mohammad Saeed Bin Humaidan Board Member Abdul Aziz Ahmed Rahma Mohamed Al Muhairi Board Member H.E. 2015 the Supreme Legislation Committee in the Emirate of Dubai He holds a degree in Business Management from USA and is a Management Major from Metropolitan State College, USA. ICDs portfolio companies are selected from a variety of sectors to afford diversification and risk minimisation. We grew . Explore the world-class ecosystem that will help your business thrive and grow. He is married. n9RH"4/R 4pvNvn;"vD)HJI`n(aG,' Description. (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.

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investment corporation of dubai board of directors

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