investment corporation of dubai board of directors

Other position holders include board members. All business segments of ICD, the principal investment arm of the Government of Dubai, contributed to this outstanding achievement. He holds a degree in Business Management from USA and is a Management Major from Metropolitan State College, USA. 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. [26][27], In November 2019 ICD inked a deal with India-based Reliance to buy its stake in Reliance Nippon Life Asset Management Ltd.[28], The Crown Prince of Dubai and Chairman of Dubai Executive council Sheikh Hamdan bin Mohammed bin Rashid al Maktoum is Chairman of ICD. Investment Corporation of Dubai is the principal investment arm of the Government of Dubai. Learn more about the robust legal and regulatory framework that provides a safe and secure platform toDIFCs clients.. The Rulers Court is the Prime Government Body of Dubai, U.A.E. Bilateral Trade. ICD was established in 2006 to manage the government's portfolio of investments and companies. Explore the world-class ecosystem that will help your business thrive and grow. Mohammed Ibrahim Al Shaibani will serve as the managing director. [5] Contents 1 History 2 Governance Let's explore! Stay up to date with the latest news, announcements and insights from across the Centre by visiting our Newsroom. Search latest Sindh Police jobs online. 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. 2 min read. H.H. 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. He currently holds the position of Chairman of Marka PJSC , Chairman of Al Mal Capital PSC, Board member of National General Insurance PJSC, Board Member of Islamic Bank of Asia (Limited) IBA Singapore, Board Member of Arcapita Investment Management BSC Bahrain and Board Member of Ajman Bank PJSC, Ali Fardan Ali Al Fardan has significant experience in Real Estate Management, Property Investments, Capital Investment Management and Hospitality Management. ALL RIGHTS RESERVED. Sign up to our mailing list and we will keep you informed on the items that matter to you most. 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. 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. Number of Employee Profiles 3. He served as the Interim Chief 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. F, After this he moved to Singapore for four years, as Managing Director of Al Khaleej Investments. Douraid Zaghouani is Chief Operating Officer of ICD, the principal investment arm of the Government of Dubai ($309 Billion AUM). Al Mesmar is also a member of the Board of Directors of Emicool LLC and a member of Dubai Investments' Audit Committee. Our Mission is to add value and expand DIs investment portfolio through sound corporate citizenship, financial engineering, network of relationships, and financial resources. May I help you with something? W*Qyh5HBqj8B#zq4KH3$i~%CRVsB%?$w$*T*M4+DHHt*'w 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. [18] In 2012 ICD acquired Smartstreams Technologies group limited and controlling stake in Dubai Aerospace Enterprise (DAE). DOF's Director General has held many leadership and financial positions in a number of government entities at the local and federal levels, including the Senior Executive Director for Financial and Administrative Affairs at Dubai Customs. Syed Salman Rashid holds a Bachelor's Degree from Karachi University and is a Certified Director from Pakistan Institute of Corporate Governance. H.H. We grew . Experts. Mohammed Al Shaibani is the Director General of H.H. Jan 1994 - Jun 200814 years 6 months. Designated Non-Financial Businesses and Professions. 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. Board of Directors. Itowns stakes in some of Dubai's biggest and best-known names, including Emirates airline and Dubai's biggest bank, Emirates NBD. More than a world-class financial centre, DIFC is also a vibrant community of retail and lifestyle. Website Privacy Policy and Privacy Notice. 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. Presently, he is serving as Consul General of Pakistan at Dubai since August 2021. Through its nine business divisions, Imdaad provides: In 2019, Al Saleh was appointed as a board member of the Investment Corporation of Dubai (ICD), while in 2021 he was appointed the Chairman of the Rochester Institute of Technology, Dubai Board of Directors. All rights reserved. 1. 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. Copyright 2023, Investment Corporation of Dubai. [5] History [ edit] ICD: The Investment Corporation of Dubai. Designated Non-Financial Businesses and Professions. The exceptional results are a manifestation of Sheikh Mohammed bin Rashids vision to ensure that Dubai remains at the forefront of championing global economic recovery," he said. Under a presidential decree issued in December 2018, H.E. H.E. Mohammed Al Shaibani is the Chairman of Dubai Islamic Bank. (24) of 2020, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum will lead ICD as the chairman of the board . EITC Board contributes towards developing strategy aspiring to create and shareholder value, confidence and maintain sustainability. 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. 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. Investment Corporation of Dubai owns more than Dh1 trillion in assets, including Emirates National Oil Corporation. He is married. Abdul Rahman Saleh Al Saleh, as member; 7. 2015 the Supreme Legislation Committee in the Emirate of Dubai from a carefully curated collection of retailers, _ga. "bF.gxbk_v+&%'X]S^8+ CmW=U*!e =P u:pJwkpxoh=t:x&b'&N |Yg O, 9W&`8luUq4QSp=|30{79$TT?t"8U stream C^L:X,n3Azt/*hB%N( FYHDo7a7-0 V2qm:raq 'DSgK^+,5vLnZ m9WUey]6xBC+/ES+Vu~M5$[ukb;dz}`0jf75JK!qVr*bCq)9TwExYE=w}ZD#kpqg-TK]Yw{/eR,.95g]U|Cuzou=!#ol^B$p(Ur|Chh[$m? <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.5 842.25] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> The Rulers Court, Government of Dubai and the CEO & Executive Director of the Investment Corporation of Dubai (ICD). List of Jurisdictions to which Personal Data may be transferred: MOHAMMED BIN RASHID AL MAKTOUM until 15 December 2020, AHMED HUMAID AL TAYER until 11 November 2012, SULTAN AHMED BIN SULAYEM until 04 May 2009. 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. Khalid Bin Kalban is the Managing Director and Chief Executive Officer of DI. Ares Private Equity Group and Chief Financial Officer and Treasurer of Ares Commercial Real Estate Corporation: Investment Professionals: Finance and Accounting: Washington D.C . 2 0 obj Established in 2006, ICD is the principal investment arm of The Government of Dubai. Copyright 2023, Investment Corporation of Dubai. Commercial and Industrial facilities under management, Waste recycled through segregation programme. Start new career by applying job advertisement of 04 March, 2023 in Dawn paper, application deadline of new career opportunity is 31 March, 2023 Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum is its vice chairman. (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. Today, we are a diversified conglomerate with businesses across industries that contribute to augmenting the countrys economic diversity, further underlining the potential of this nation and its robust business landscape. Members of the board include Sheikh Ahmed bin Saeed Al Maktoum,Reem bint Ibrahim Al Hashimy, Sultan bin Saeed Al Mansouri, Mohammed Ibrahim Al Shaibani,Abdulrahman Saleh Al Saleh, Mohammed Hadi Al Hussaini, andHelal Saeed Al Marri. Copyright Emirates News Agency (WAM) 2020. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Led the Bank's loan operations team in China restructuring state-owned enterprises, corporate governance reform, state asset management strategies, trade . In this role, he supports the CEO in corporate strategy. 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. Chairman of the UAEIIC. Directors: MOHAMMED BIN RASHID AL MAKTOUM until 15 December 2020. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Hamad Buamim Board Member Abdulla Hamad Al Shamsi Board Member Javier Marin Romano Board Member 13 February 2023 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. Yb Subscribe to our mailing list to get the updates to your email inbox. is pleased to announce that its board of directors has declared a dividend for the month of March 2023 of $0.075 per common share, to be paid April 12, 2023 to shareholders of record March 31 . 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. . He has also been discharging duties as the Operations Director for the Investment Corporation of Dubai, which is the Dubai government's investment arm. Huda Sayed Naim AlHashimi Director Mr. Jassim Mohammed Abdulrahim Al Ali Director [3], At 2022, ICD reported assets worth US$305 billion[4] and revenue of $62 billion. By doing so, we are making valuable contributions to the continuing development of a learning and empowered society for the benefit of our stakeholders. <> Mohammed Ibrahim Al Shaibani will serve as the Managing Director. 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. Sheikh Ahmad bin Saeed Al Maktoum, as member; 3. He is also the CEO and Executive Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. The Ruler's Court, Government of Dubai and the CEO & Executive Director of the Investment Corporation of Dubai (ICD). 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-- . Read Full Bio Chief Executive Officer Ahmad Bin Fahad. "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 . Join the global finance community to advance the industrys approach to climate and ESG principles through our Path to COP28 initiative. 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! Founder, Chairman and CEO, eXp World Holdings CEO, eXp Realty. 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). 3 0 obj National Bond Corporation becomes a subsidiary of ICD in the year 2010. % Dubai International Financial Centre (DIFC) is one of the worlds most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and a nominal GDP of US$ 8 trillion. 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. %PDF-1.5 Khalifa Al Daboos Deputy CEO. The Dubai Ruler's Court, and Managing Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. 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. Beautiful beaches, record-breaking attractions and experiences like no other - Dubai is the place to be in 2023. [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. to a diverse range of art galleries and some of the citys best restaurants. He started his professional life with the Dubai Ports Authority & Jebel Ali Free Zone where he worked for seven years. In this capacity he was based in London for eight years and he now oversees the functioning of this office from Dubai. H.E. Board of Directors: The board of directors of the ICD. (24) of 2020 on the Board of Directors of the . Copyright 2023 All rights reserved. Residential maintenance, and An exhibition was also held on the sidelines of the forum. In a contest where the players put their early season win streaks on the line, it was Rotterdam and . [29], ICD's portfolio primarily includes businesses and assets either wholly or partially owned by the Dubai Government. Data Subjects or class of Data Subjects whose Personal This site is maintained by Department of Finance. He holds a Bachelor of Science in Civil Engineering and is a Chartered Civil Engineer. Mr. Syed Basar Shueb Chairman Read Biography Dr. Mhd Somar Ajalyaqin The Board of the Investment Corporation of Dubai (ICD) approved ICDs consolidated financial results for the six months ended 30th June, 2022. Board of Directors Hisham Ahmed Al Rayes Chairman (Non-Independent and Executive) . Board of Directors Declared Total Dividends of $0.66 per Share for First Quarter 2023. We know that a supportive business environment is key to helping your company thrive. Executive Council: The Executive Council of the Emirate of Dubai. Toronto, Ontario-- (Newsfile Corp. - March 3, 2023) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has . Copyright 2023, Investment Corporation of Dubai. 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. - Resources Download photos from today's launch event here. His Highness Sheikh Mohammed bin Rashid also issued Decree No. 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. Abu Dhabi Investment Authority 211 Corniche, PO Box 3600 Abu Dhabi, United Arab Emirates Phone +971 2 415 . 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 GFH Capital Dubai, Al Areen Holding Company, and EAT app Qualification: BSc and BA in Marketing from Suffolk University, Boston, Massachusetts - USA . [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.