Douraid Zaghouani is Chief Operating Officer of ICD, the principal investment arm of the Government of Dubai ($309 Billion AUM). (25) of 2020 regardingthe board of directors of Meydan City Corporation. 1. Beautiful beaches, record-breaking attractions and experiences like no other - Dubai is the place to be in 2023. 2015 the Supreme Legislation Committee in the Emirate of Dubai ICD offers a diverse work environment where all colleagues collaborate and contribute towards the achievement of the organisations goals and objectives, while living the ICDs Corporate Values of Excellence, Commitment, Sustainability, Integrity and Respect. "bF.gxbk_v+&%'X]S^8+ CmW=U*!e =P u:pJwkpxoh=t:x&b'&N |Yg O, 9W&`8luUq4QSp=|30{79$TT?t"8U "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 . All business segments of ICD, the principal investment arm of the Government of Dubai, contributed to this outstanding achievement. endobj 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. Mohammed Ibrahim Al Shaibani will serve as the managing director. The Rulers Court is the Prime Government Body of Dubai, U.A.E. EITC Board contributes towards developing strategy aspiring to create and shareholder value, confidence and maintain sustainability. Mr. Syed Basar Shueb Chairman Read Biography Dr. Mhd Somar Ajalyaqin Learn more about the robust legal and regulatory framework that provides a safe and secure platform toDIFCs clients.. H.E. 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. H.E. 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. Explore the district beyond the office, Al Mesmar is also a member of the Board of Directors of Emicool LLC and a member of Dubai Investments' Audit Committee. 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. 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. Glenn Sanford. Copyright 2023 DIFC. H.E. Douraid Zaghouani Chief Operating Officer. Mohammed Ibrahim Al Shaibani, as member; 6. Board of Directors Hisham Ahmed Al Rayes Chairman (Non-Independent and Executive) . 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. Mohammed Al Shaibani is the Director General of H.H. The purpose of the fund is to generate a better return on investment, in a way that will benefit the regional financial community. Listed on the Dubai Financial Market in 2000, Dubai Investments has 15,482 shareholders with a share capital of AED 4.25 billion. Board of Directors Declared Total Dividends of $0.66 per Share for First Quarter 2023. These assets are in diverse sectors, and include market leading companies in financial services, transportation, real estate, leisure and utilities. ;H6+nOC|ejUv(Ocn(?ici0\m. 2hQ(GB3k/)"VK|24) 'TjEe=m{+xkkkr)>rOsTr_" SP^n] @2>K| "^tqk$>){oBdn For better web experience, please use the website in portrait mode. ICD was established in 2006 to manage the government's portfolio of investments and companies. 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. Designated Non-Financial Businesses and Professions. AHMED HUMAID AL TAYER until 11 November 2012. 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. 9x-m}w_:^Mb>PN~ KTQv$$GYa7i 3)hcr(HBlrv0p#RH2$ %)4k&1!VJwxb%oKYJX^d #vpUE7H=>Dta+xMYW6`GE`*&ISJ@8Ak'~(,yA 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. Explore Investment Corporation of Dubai public register. Chairman of the UAEIIC. Base Dividend Increased to $0.41 Per Share, Reflecting Improved Earnings Power of Fidus' Portfolio. Mohammed Al Shaibani graduated in 1988 from United States and holds a Bachelors Degree in Computer Science. A leading first-of-its-kind UAE-based investment company, Dubai Investments was incorporated in 1995. We grew . 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! 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. We know that a supportive business environment is key to helping your company thrive. 2 years. ICD invests in a variety of sectors, with a particular focus on the financial services and transportation industries. Board Member since 1998. 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. 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. Khalifa Al Daboos Deputy CEO. With a continued strategic focus on diversification and unlocking value through an organized divestment process, Dubai Investments will focus on staying significant to business opportunities and facilitate a healthy and channeled growth, in sync with the group-wide strategy to explore, engage and evolve with stability and consistent profitability. It featured a showcase of the top 100 investment opportunities that the private sector can tap into and access incentives under the Manufacture and Build to Recover Program. Beyond the Sky a meet and greet with Her Highness Sheikha Mozah bint Marwan Al Maktoum. Experts. Sheikh Mohammed also issued Decree No. Soonyoung Chang has served as a director of Brookfield Reinsurance since November 2021. The ruler of Dubai on Saturday issued decrees to restructure the boards ofthe emirate's sovereign wealth fund Investment Corporation of Dubai (ICD) and state-owned developer Meydan City Corporation. Imdaad - Investment Corporation of Dubai Imdaad Established in 2007, Imdaad provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets. 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. All rights reserved. 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. Investment Corporation of Dubai (Investment Company) 2,097,000,216: 29.0%: Yahya Saeed Ahmad Nasser Lootah . We are always in pursuit of motivated and dynamic professionals, if you are looking for an opportunity to make a difference, please submit your CV. Net profit increased to Dh25 billion from the year-earlier period, it said in May. Established in 2007, Imdaad provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets. DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae . This was its second conventional bond listing on Nasdaq Dubai, after a $300 million bond was listed in 2014. Yb H.H. Hard and soft facilities management and environmental services; 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. F, 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. Vice Chairman of the UAEIIC. Investment Corporation of Dubai (ICD) is a sovereign wealth fund based in Dubai, United Arab Emirates. Presently, he is serving as Consul General of Pakistan at Dubai since August 2021. Start new career by applying job advertisement of 04 March, 2023 in Dawn paper, application deadline of new career opportunity is 31 March, 2023 During 2021 the Committee members were: Charles Flint KC (Chairman) Abdul Wahid Al Ulama; Julie Dickson H.E. to a diverse range of art galleries and some of the citys best restaurants. Join the global finance community to advance the industrys approach to climate and ESG principles through our Path to COP28 initiative. Imdaad customer base spreads across luxury hospitality, F&B, retail, banking, residential, and mixed-use development sectors. You have requested to send this page to your email. Before joining DIP, Al Mesmar was associated with Al Khaleej Investments in Singapore. [3] At the end of 2019, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. 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. %PDF-1.5 Bilateral Trade. The Meydan groups portfolio includes real estate projects and housing for airline Emirates, according to its website. He is also the founder and former Group CEO of Emirates National Oil Company (ENOC). (Bill Roth/Anchorage Daily News via AP, Pool), Trkiye's Inflation Seen Falling to 55% In February, Saudi-Japanese Feasibility Study for Producing Clean Hydrogen for Local, Intl Markets, Saudi Arabia Ranks First among G20 Countries in Productivity Growth, Saudi Aramco Acquires Valvoline Inc. 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. Director: Board of Directors: Director-Mark: Affolter: . The Decrees are effective from their date of issuance and will be published in the Official Gazette. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.5 842.25] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Other position holders include board members. Through its businesses, Dubai Investments has empowered communities driving positive growth in all fronts. [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. 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. More than shopping,DIFCis about games and winning too. Khalid Muhammad AlZubair Chairman Sheikh Khalid Abdullah Al Khalili Deputy Chairman Engineer Jamal Shamis Al Hooti Director Brigadier Jamal Said Al Tai Director Al Mesmar is a graduate in Business Administration from the Higher Colleges of Technology. DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae. He holds a Bachelors Degree in Economics from Cairo University and Diploma in Banking and Financial Studies from New York. May I help you with something? 2 0 obj [21][22] In 2016 ICD acquired Porto Montenegro Marina and Resort located in world heritage site Bay of Kotro from Montport Capital. [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. In its entirety, the portfolio is reflective of Dubais growth plan and strategic focus areas. [29], ICD's portfolio primarily includes businesses and assets either wholly or partially owned by the Dubai Government. [6][7][8], In 2007, the Government of Dubai transferred the majority stake in Emirates Bank International (EBI), National Bank of Dubai (NBD), Dubai World Trade Center, Emirates National Oil Company,[9] Emirates Global Aluminium, Borse Dubai, Emirates Airlines,[10] dnata and CBME to Investment Corporation of Dubai.