DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae. (25) of 2020 regardingthe board of directors of Meydan City Corporation. Sohail Al Mazrui has wide experience in Petroleum Engineering and executive experience in the Oil Industry. 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 of Directors: The board of directors of the ICD. Subscribe to our mailing list to get the updates to your email inbox. ?V.0hVFFmz|>;2 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. 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. is member of the Executive Council of Dubai, and Dubai's Strategic Affairs Council. He is the former CEO of Abu Dhabi National Oil Company (ADNOC) as well as the former CEO and Chairman of Aabar. from a carefully curated collection of retailers, 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. He also chaired a number of committees, notably the VAT Committee at Dubai Customs. Board of Directors Hisham Ahmed Al Rayes Chairman (Non-Independent and Executive) . Beautiful beaches, record-breaking attractions and experiences like no other - Dubai is the place to be in 2023. ;H6+nOC|ejUv(Ocn(?ici0\m. @2>K| "^tqk$>){oBdn Investment Corporation of Dubai (Investment Company) 2,097,000,216: 29.0%: Yahya Saeed Ahmad Nasser Lootah . 1 0 obj Al Qubaisi sits on other company boards and is the Chairman of Emirates Refreshment Company, Vice Chairman of Emirates Modern Poultry Company (Al Rawdah) and a board member at Aswaaq. Members of the board: Name: Title: Age: Since: Mohammad Al-Shaibani: Chairman--Ahmad Mohammad Saeed bin Humaidan: Director--Yahya Saeed Ahmad Nasser Lootah: Vice Chairman--Hamad Al-Shamsi: Director--Abdulaziz Al-Muhairi: Director-- . He comes on board as an independent non-executive director and joins the current senior representatives from Singapore-based investor Temasek and International Finance Corporation . io`fC,Y:*Qa;pe{xKic{]AEn]q3#]x)8]`rh\z'"scw%X-r;@a 6];OZx|MPwj|;~e|koj_&vcLGP|~=l:QawCJ#HE1J];55xiUP$Y*9~zaO._AsXo(H;qq/O+%1qr @e?$D aJbeZ0` :w fb*9VhC}W;eJ if$B2({y*R:\DI,D)`46RA;*|q Board of Directors. _ga. Sheikh Mohammed also issued Decree No. The Meydan groups portfolio includes real estate projects and housing for airline Emirates, according to its website. Board of Directors Board of Directors Leadership Team Shariah Board H. E. Mohammed Al Shaibani Chairman, Gulf Inland Bank . 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. Data is being processed: Staff (Agents, Workers), Suppliers, Complainants, Correspondents, Enquirers, Relatives and Associates, Advisors, Consultants, Prof. 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. 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. Soonyoung Chang has served as a director of Brookfield Reinsurance since November 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 [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. 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. [5] Contents 1 History 2 Governance Mohammed Ibrahim Al Shaibani will serve as the Managing Director. The MoU focuses on expanding the circle of coordination and investment cooperation between the two institutions to serve their . "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 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. Al Saleh was appointed as Vice Chairman of the Board of Directors of the United Arab Emirates Central Bank. 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. AI. The Rulers Court is the Prime Government Body of Dubai, U.A.E. ICD: The Investment Corporation of Dubai. Explore the world-class ecosystem that will help your business thrive and grow. The Investment Corporation of Dubai consolidates the commercial and business assets of Dubai Government. 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. Data Subjects or class of Data Subjects whose Personal 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. Learn more about what DIFC has to offer, from easy set-up processes to an enabling infrastructure and a variety of office spaces. AHMED HUMAID AL TAYER until 11 November 2012. For better web experience, please use the website in portrait mode. Board Directors Who Are WeMessage From The ChairmanMessage From The CEOBoard DirectorsExecutive ManagementShari'a ComplianceCSR Home> About us> Board Directors Board Members Mr. Khalifa Al-Daboos Chairman Read More Mr. Abdulla Saeed Belyoahah Board Member Read More Mr. Ali Rashid Al Mazroei Board Member Read More Mr. Huraiz Almur Bin Huraiz Beyond the Sky a meet and greet with Her Highness Sheikha Mozah bint Marwan Al Maktoum. [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. He is also the CEO and Executive Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. Imdaad - Investment Corporation of Dubai Imdaad Established in 2007, Imdaad provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets. 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. Sign up to our mailing list and we will keep you informed on the items that matter to you most. Served at the Ministry of Foreign Affairs, Islamabad as Director General (July- 2019-July 2021). Indian businessmen and traders have contributed significantly to the . H.E. He served as the Interim Chief Material recovery services; His Highness Sheikh Mohammed bin Rashid also issued Decree No. 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. We know that a supportive business environment is key to helping your company thrive. 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. Mohammed Ibrahim Al Shaibani will serve as the managing director. Yb He holds a Bachelors Degree in Economics from Cairo University and Diploma in Banking and Financial Studies from New York. Under Decree No. CEO: The chief executive officer of the ICD. 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. The UAE International Investors Council (UAEIIC) signed a Memorandum of Understanding (MoU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN), which is based in Tokyo. 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. Imdaad customer base spreads across luxury hospitality, F&B, retail, banking, residential, and mixed-use development sectors. 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. Residential maintenance, and ICD invests in a variety of sectors, with a particular focus on the financial services and transportation industries. 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. Hard and soft facilities management and environmental services; Bilateral Trade. [3] At the end of 2019, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. 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. Commercial and Industrial facilities under management, Waste recycled through segregation programme. Copyright Department of Finance 2016, All Rights Reserved. . Read Full Bio Chief Executive Officer Ahmad Bin Fahad. Mohammed Al Shaibani graduated in 1988 from United States and holds a Bachelors Degree in Computer Science. The Investment Corporation of Dubai (ICD) is the primary sovereign wealth fund of the government of Dubai. 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. Listed on the Dubai Financial Market in 2000, Dubai Investments has 15,482 shareholders with a share capital of AED 4.25 billion. Dubai: Wilson: Lamont: Partner, Co-Head, European Real Estate: Investment Professionals: Real Estate . 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 The Dubai Ruler's Court, and Managing Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. 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. 4 0 obj The ICDs first-half revenues reached a record AED121.1 billion, a 61 percent increase compared to the same period last year. Dubai Investments is supported by a visionary leadership and management guiding its growth. He holds a Bachelor of Science in Management and Information System. He is also the founder and former Group CEO of Emirates National Oil Company (ENOC). [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. Al Saleh is the Vice Chairman of the Emirates National Oil Company (ENOC). Looks like you may be taking time to decide. In its entirety, the portfolio is reflective of Dubais growth plan and strategic focus areas. 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? His Excellency Abdulrahman Saleh Al Saleh is the Director General of the Government of Dubai's Department of Finance (DOF) since 2009. His Excellency has been a member of the Board of Directors of the Dubai . Chairman: The chairman of the Board of Directors. Investment Corporation of Dubai is the principal investment arm of the Government of Dubai. Khalifa Al Daboos Deputy CEO. March 4, 2023 12:19 pm. Directors: MOHAMMED BIN RASHID AL MAKTOUM until 15 December 2020. 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. x]Yo8~7 K @EyCnL|N&?iZbI6@n6XX,Rby~z]o:?i?n^Q{M#[?\Zo?ot An exhibition was also held on the sidelines of the forum. BUILDING MATERIALS, CONSTRUCTION & CONTRACTING. F, 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. Board Member since inception in 1995 and Vice Chairman of the Board since 2010. Board Of Directors. [29], ICD's portfolio primarily includes businesses and assets either wholly or partially owned by the Dubai Government. H.E. H.E. Mohamed Hadi Ahmed Abdulla Al Hussaini Director Mr. Ali Humaid Ali Abdalla Al Owais Director Mr. Salem Mohammed Obaidalla Director H.E. 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. Through its nine business divisions, Imdaad provides: 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. 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 Bachelor of Science in Civil Engineering and is a Chartered Civil Engineer. to a diverse range of art galleries and some of the citys best restaurants. Description. Mubadala's Board members include some of the UAE's most senior public . In light of the global developments and the UAE's strategic plans, and in line with the State's policy to promote economic diversification,. The purpose of the fund is to generate a better return on investment, in a way that will benefit the regional financial community. Learn more about the robust legal and regulatory framework that provides a safe and secure platform toDIFCs clients.. After this he moved to Singapore for four years, as Managing Director of Al Khaleej Investments. Khalid Bin Kalban has extensive experience in manufacturing, industrial, financial investments and real estate sectors. Mohammed Al Shaibani is the Director General of H.H. endobj 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. Sheikh Ahmed bin Saeed Al Maktoum President of the Department of Civil Aviation, CEO of The Emirates Group and Chairman of Dubai World 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. Mohammed Al Shaibani has held the position of President at the Dubai Office, a Private Management office for the Royal Family of Dubai. [3] At 2022, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. Come to the Centre and be surprised. The board typically meets at. More than a world-class financial centre, DIFC is also a vibrant community of retail and lifestyle. Explore Investment Corporation of Dubai public register. China's National People's Congress (NPC), the country's top legislative body, begins its annual session on Sunday. H.E. May I help you with something? GFH Capital Dubai, Al Areen Holding Company, and EAT app Qualification: BSc and BA in Marketing from Suffolk University, Boston, Massachusetts - USA . Incorporation PJC: H.E. Under its umbrella, it carries various other Government units such as, Department of Finance, Dubai Courts, The Executive Council to name a few. Regional member countries Non-Regional member countries During 2021 the Committee members were: Charles Flint KC (Chairman) Abdul Wahid Al Ulama; Julie Dickson Sultan bin Saeed Al Mansouri, as member; 5. - Resources Download photos from today's launch event here. Investment Corporation of Dubai (ICD) has 3 current employee profiles, including Chief Operating Officer Douraid Zaghouani. Led the Bank's loan operations team in China restructuring state-owned enterprises, corporate governance reform, state asset management strategies, trade . 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. Before joining DIP, Al Mesmar was associated with Al Khaleej Investments in Singapore. 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.