investment corporation of dubai board of directors

Net profit increased to Dh25 billion from the year-earlier period, it said in May. [3] At 2022, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. [25] In 2019 DAE became a wholly owned subsidiary of ICD. According to Government of India figures, in FY 2015-16, trade between India and UAE crossed US$ 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. Log-in now to access a number of services available to our clients and visitors at the click of a button. Investment Corporation of Dubai owns more than Dh1 trillion in assets, including Emirates National Oil Corporation. H.E. (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. Al Shaibani serves as the Director-General of His Highness the Ruler's Court in Dubai. 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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 . Board member since inception in 1995 and Chairman of the Board since 2010. Huda Sayed Naim AlHashimi Director Mr. Jassim Mohammed Abdulrahim Al Ali Director H.H. Board of Directors Board of Directors Leadership Team Shariah Board H. E. Mohammed Al Shaibani Chairman, Gulf Inland Bank . Learn more about the robust legal and regulatory framework that provides a safe and secure platform toDIFCs clients.. 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. A leading first-of-its-kind UAE-based investment company, Dubai Investments was incorporated in 1995. Board of Directors. Our business performance is also a result of the strong and positive relationships with our stakeholders. Board Member of Gulf Investment Corporation GSC - State of Kuwait. 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. As a corporation with a mission to create wealth and long-term value, with a focus on sustainability, our impact is rooted in promoting the development of better businesses through responsible ownership considering a broad range of stakeholder issues. Looks like you may be taking time to decide. Fire safety consultation and management. Yb [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. The MoU focuses on expanding the circle of coordination and investment cooperation between the two institutions to serve their . Read Full Bio. (24) of 2020, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum will lead ICD as the chairman of the board . Through its businesses, Dubai Investments has empowered communities driving positive growth in all fronts. Itowns stakes in some of Dubai's biggest and best-known names, including Emirates airline and Dubai's biggest bank, Emirates NBD. Come to the Centre and be surprised. The Dubai Ruler's Court, and Managing Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. H.H. He is currently the Director in the Ministry of Foreign Affairs and International Cooperation. A board of directors (B of D) is the governing body of a company, elected by shareholders in the case of public companies to set strategy and oversee management. Served at the Ministry of Foreign Affairs, Islamabad as Director General (July- 2019-July 2021). Mohamed Hadi Ahmed Abdulla Al Hussaini Director Mr. Ali Humaid Ali Abdalla Al Owais Director Mr. Salem Mohammed Obaidalla Director H.E. % The Financial Secretary, Mr Paul Chan, chaired the first meeting of the Board of Directors (Board) of the Hong Kong Investment Corporation Limited (HKIC) as its Chairman today (February 28). Material recovery services; Sultan bin Saeed Al Mansouri, as member; 5. 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. 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. Board Member Khalifa Hassan Abdulla Al Daboos. Dubai: Wilson: Lamont: Partner, Co-Head, European Real Estate: Investment Professionals: Real Estate . Hard and soft facilities management and environmental services; %PDF-1.5 The Investment Corporation of Dubai (ICD) is the primary sovereign wealth fund of the government of Dubai. H.H. This was its second conventional bond listing on Nasdaq Dubai, after a $300 million bond was listed in 2014. He is the former CEO of Abu Dhabi National Oil Company (ADNOC) as well as the former CEO and Chairman of Aabar. Read Full Bio Chief Executive Officer Ahmad Bin Fahad. Dubai International Financial Centre (DIFC) is one of the worlds most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and a nominal GDP of US$ 8 trillion. 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. Website Privacy Policy and Privacy Notice. 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. Designated Non-Financial Businesses and Professions. Working Group Committee. He comes on board as an independent non-executive director and joins the current senior representatives from Singapore-based investor Temasek and International Finance Corporation . 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 . 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-- . Website Privacy Policy and Privacy Notice. endobj Imdaad - Investment Corporation of Dubai Imdaad Established in 2007, Imdaad provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. He holds a Bachelors Degree in Electrical Engineering from Florida Institute of Technology, USA and a Management Degree from Cranfield School of Management, England. In a contest where the players put their early season win streaks on the line, it was Rotterdam and . Hussain Al Junaidy has been the Chairman and CEO of various companies in the Oil and Gas Industry. 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. a*5Vuy`Ub;q$7O6;H4 Z9Pl';D.`36#Z=jdU=>oEX%\ZdZsp8NQmqREiWiHwObxe Ojdt",MqQ5(YH{$ 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 <> <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.5 842.25] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Explore the world-class ecosystem that will help your business thrive and grow. DNFBP: Al Saleh was appointed as Vice Chairman of the Board of Directors of the United Arab Emirates Central Bank. All rights reserved. This site is maintained by Department of Finance. 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The ICD generated record revenues of AED121.1 billion and record net profits of AED14.8 billion during H1 2022, dwarfing last years first-half earnings. 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. In light of the global developments and the UAE's strategic plans, and in line with the State's policy to promote economic diversification,. ?V.0hVFFmz|>;2 endobj We will keep you informed on the items that matter to you most. The Dubai Ruler's Court, a prime government body of the Emirate. In its entirety, the portfolio is reflective of Dubais growth plan and strategic focus areas. Values. Access the DIFC Public Register for Information on the regulated and non-regulated companies within the district. . 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 He has also been discharging duties as the Operations Director for the Investment Corporation of Dubai, which is the Dubai government's investment arm. Investment Corporation of Dubai is the principal investment arm of the Government of Dubai. Board of Directors Hisham Ahmed Al Rayes Chairman (Non-Independent and Executive) . Our Mission is to add value and expand DIs investment portfolio through sound corporate citizenship, financial engineering, network of relationships, and financial resources. 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. Description. [5] History [ edit] Abdul Rahman Saleh Al Saleh, as member; 7. 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. Khalid Bin Kalban is the Managing Director and Chief Executive Officer of DI. His Excellency has been a member of the Board of Directors of the Dubai . Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, as vice chairman; 2. Beautiful beaches, record-breaking attractions and experiences like no other - Dubai is the place to be in 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. [3] At the end of 2019, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. Data Subjects or class of Data Subjects whose Personal EITC Board contributes towards developing strategy aspiring to create and shareholder value, confidence and maintain sustainability. Jan 1994 - Jun 200814 years 6 months. 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. ICD: The Investment Corporation of Dubai. AI. Mohammed A. Ibrahim Al Shaibani serves as Chief Executive Officer and Executive Director of the Investment Corporation of Dubai. He is also a Business graduate from School of Business, University of Pittsburg, USA. (Archive Photo)https://t.co/W1b2cPQwJB pic.twitter.com/EZfMK89r01, Beta V.1.0 - Powered by automated translation, Investment Corporation of Dubai's 2019 profit jumps 17% on banking and transport investments, Investment Corporation first-half profit climbs as assets surge to a record. Residential maintenance, and In order to support the longterm economic prosperity of Dubai and the objectives of the Governments economic development strategy, ICDs investment strategy is focused on optimising its return on equity and ensuring the continued growth and longterm prosperity of the Dubai economy. He is also the founder and former Group CEO of Emirates National Oil Company (ENOC). 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. Under a presidential decree issued in December 2018, H.E. He holds a degree in Business Management from USA and is a Management Major from Metropolitan State College, USA. 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. He holds a Bachelors Degree in Economics from Cairo University and Diploma in Banking and Financial Studies from New York. H.E. Khalifa Al Daboos Deputy CEO. Let's explore! [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. 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. In this capacity he was based in London for eight years and he now oversees the functioning of this office from Dubai. The Ruler's Court, Government of Dubai and the CEO & Executive Director of the Investment Corporation of Dubai (ICD). 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. n9RH"4/R 4pvNvn;"vD)HJI`n(aG,' Nader Bekhouche Principal. 2hQ(GB3k/)"VK|24) 'TjEe=m{+xkkkr)>rOsTr_" SP^n] His Highness Sheikh Mohammed bin Rashid also issued Decree No. The Group is also a strong facilitator for Foreign Direct Investments (FDI), identifying and investing in opportunities across untapped markets, expanding footprint and stimulating the economy. H.E. [18] In 2012 ICD acquired Smartstreams Technologies group limited and controlling stake in Dubai Aerospace Enterprise (DAE). Since early 2002, Glenn Sanford has been actively involved in the online real estate space. We know that a supportive business environment is key to helping your company thrive. CEO: The chief executive officer of the ICD. H.E. Dubai Islamic Bank successfully prices USD 1 billion Sustainable Sukuk, Dubai Islamic Bank Full Year 2022 Group Financial Results, Dubai Islamic Bank offers new financing solutions to future Tesla owners, Dubai Islamic Bank successfully prices USD 750 million inaugural Sustainable Sukuk, Dubai Islamic Bank hosts 2022 Trade Club Alliance General Assembly in Dubai, DIB Swift Code : DUIBAEADDIB Routing Number : 802420101, IBOR Transition : Update 1 | Update 2 IBOR Transition related queries: IBOR.Transition@dib.ae, *Available only on GMS enabled Huawei devices, Abdul Aziz Ahmed Rahma Mohamed Al Muhairi. [21][22] In 2016 ICD acquired Porto Montenegro Marina and Resort located in world heritage site Bay of Kotro from Montport Capital. The Board strongly believes in the pivotal role of businesses in helping build sustainable societies and has embraced the key tenets of ESG in its core business practices. Start new career by applying job advertisement of 04 March, 2023 in Dawn paper, application deadline of new career opportunity is 31 March, 2023 National Bond Corporation becomes a subsidiary of ICD in the year 2010. Explore the district beyond the office, All rights reserved. Toronto, Ontario-- (Newsfile Corp. - March 3, 2023) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has . 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. [29], ICD's portfolio primarily includes businesses and assets either wholly or partially owned by the Dubai Government. (25) of 2020 regardingthe board of directors of Meydan City Corporation. Board Member since inception in 1995 and Vice Chairman of the Board since 2010. [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. Hamad Buamim Board Member Abdulla Hamad Al Shamsi Board Member Javier Marin Romano Board Member 13 February 2023 Mohammed Ibrahim Al Shaibani, Managing Director, Investment Corporation of Dubai, said: "ICD's record revenues, earnings and assets for the first half of 2022 are an impressive achievement as the expansion of our businesses accelerated despite the global economic slowdown. Latest job Sindh Police Driver Police Constable Jobs 2023 via STS SIBA, Sindh Police jobs, Government Security in Karachi, Sindh Pakistan for new vacancies driver police constable. 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. Beyond the Sky a meet and greet with Her Highness Sheikha Mozah bint Marwan Al Maktoum. DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae . It's no wonder we've been named Tripadvisor's #1 Most Popular Destination in the World for the second year running. [citation needed], In October 2017 ICD listed a $200 million Sukuk on NASDAQ Dubai. After this he moved to Singapore for four years, as Managing Director of Al Khaleej Investments. Toronto, Ontario--(Newsfile Corp. - March 3, 2023) - Atrium Mortgage Investment Corporation (TSX: AI) 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, 2023. Khalid Bin Kalban has extensive experience in manufacturing, industrial, financial investments and real estate sectors. Investment Corporation of Dubai (ICD) has 3 current employee profiles, including Chief Operating Officer Douraid Zaghouani. Join the global finance community to advance the industrys approach to climate and ESG principles through our Path to COP28 initiative.