investment corporation of dubai board of directors

This was its second conventional bond listing on Nasdaq Dubai, after a $300 million bond was listed in 2014. 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. (AP Photo/Salvador Melendez), FILE - Mille Porsild and her dog team pass by Camp Flamingo on the Susitna River during the start of the Iditarod Trail Sled Dog Race north of Willow, Alaska, on March 7, 2021. ICD invests in a variety of sectors, with a particular focus on the financial services and transportation industries. About the Rwanda Development Board 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. Established in 2006, ICD manages a broad portfolio of assets, both locally and internationally, across a wide spectrum of sectors that support Dubai's dynamic economy. F, Material recovery services; AI. H.E. Bilateral Trade. Mohammed A. Ibrahim Al Shaibani serves as Chief Executive Officer and Executive Director of the Investment Corporation of Dubai. 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! 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. All rights reserved. Experts. Established in 2006, ICD manages a broad portfolio of assets, both locally and internationally, across a wide spectrum of sectors that support Dubais dynamic economy. ?V.0hVFFmz|>;2 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 . Mr. . [21][22] In 2016 ICD acquired Porto Montenegro Marina and Resort located in world heritage site Bay of Kotro from Montport Capital. In the UAE, Imdaad continues to enjoy significant market share with a large base of diverse clients across various sectors. Website Privacy Policy and Privacy Notice. 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. His Highness Sheikh Mohammed bin Rashid also issued Decree No. x]Yo8~7 K @EyCnL|N&?iZbI6@n6XX,Rby~z]o:?i?n^Q{M#[?\Zo?ot 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. Presently, he is serving as Consul General of Pakistan at Dubai since August 2021. Description. NEW YORK, March 01, 2023--BlackRock Capital Investment Corporation (NASDAQ:BKCC) ("BCIC" or the "Company," "we," "us" or "our") announced today that its Board of Directors declared a quarterly . H.E. Hamad Buamim Board Member Abdulla Hamad Al Shamsi Board Member Javier Marin Romano Board Member 13 February 2023 Our business performance is also a result of the strong and positive relationships with our stakeholders. <> The company also has a significant presence in neighbouring Oman, and is currently expanding its footprint in Saudi Arabia, Qatar, and Egypt. [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. 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. Other position holders include board members. [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. Designated Non-Financial Businesses and Professions. During 2021 the Committee members were: Charles Flint KC (Chairman) Abdul Wahid Al Ulama; Julie Dickson 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. H.H. H.E. Board of Directors. ;H6+nOC|ejUv(Ocn(?ici0\m. He holds a Bachelors Degree in Economics from Cairo University and Diploma in Banking and Financial Studies from New York. Investment Corporation of Dubai owns more than Dh1 trillion in assets, including Emirates National Oil Corporation. Board Member since inception in 1995 and Vice Chairman of the Board since 2010. 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. For better web experience, please use the website in portrait mode. Through its businesses, Dubai Investments has empowered communities driving positive growth in all fronts. 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. (24) of 2020, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum will lead ICD as the chairman of the board . Led the Bank's loan operations team in China restructuring state-owned enterprises, corporate governance reform, state asset management strategies, trade . Board Member Khalifa Hassan Abdulla Al Daboos. Yb 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. [15][16] Minority stakes of Emmar Properties,[9][10] Dubai Islamic Bank, Commercial Bank of Dubai, Dubai Ice Plant & Cold Stores Company, and Dubai Development Company were transferred to ICD by the Government of Dubai. Description. . He is the former CEO of Abu Dhabi National Oil Company (ADNOC) as well as the former CEO and Chairman of Aabar. [5] History [ edit] Under a presidential decree issued in December 2018, H.E. Number of Employee Profiles 3. - Resources Download photos from today's launch event here. 25 of 2020 on the Board of Directors of the Meydan City 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. The MoU focuses on expanding the circle of coordination and investment cooperation between the two institutions to serve their . Mohammed Ibrahim Al Shaibani will serve as the managing director. 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. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, Vice President and Prime Minister of the UAE issued Decree No. The Dubai Ruler's Court, and Managing Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. The purpose of the fund is to generate a better return on investment, in a way that will benefit the regional financial community. Executive Council: The Executive Council of the Emirate of Dubai. Incorporation PJC: H.E. Dubai skyline. endobj This site is maintained by Department of Finance. Hard and soft facilities management and environmental services; Copyright 2023 DIFC. GFH Capital Dubai, Al Areen Holding Company, and EAT app Qualification: BSc and BA in Marketing from Suffolk University, Boston, Massachusetts - USA . 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. Mohammed Ibrahim Al Shaibani is the Director-General of H.H. "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 n9RH"4/R 4pvNvn;"vD)HJI`n(aG,' (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. Under Decree No. [5], ICD was set up on 3 May 2006 under Emiri decree 11 of 2006 issued by Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates (UAE), and ruler of the Emirate of Dubai. By doing so, we are making valuable contributions to the continuing development of a learning and empowered society for the benefit of our stakeholders. 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 $700 million listed in May 2014. The ICD generated record revenues of AED121.1 billion and record net profits of AED14.8 billion during H1 2022, dwarfing last years first-half earnings. <> [19], Various other mergers and acquisitions were also held by other holding companies of ICD between the periods of 2007 - 2019. Toronto, Ontario-- (Newsfile Corp. - March 3, 2023) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has . Message Secretary General. 2 0 obj An integral part of this vision is delivering superior returns to our shareholders, consistent with our pre-defined risk profile and comparable to other best-in-class corporations. He is also a Business graduate from School of Business, University of Pittsburg, USA. Imdaad customer base spreads across luxury hospitality, F&B, retail, banking, residential, and mixed-use development sectors. We will continue to foster innovation, especially in future-focused sectors, while driving efficiency and implementing confidence-boosting measures in our traditional economic pillars to set new benchmarks and enhance Dubais global competitiveness and status as the worlds premier business and investment hub," Sheikh Hamdan added. In 2019, ICD's total assets passed the Dh1 trillion mark, growing by 27.5 per cent to Dh1.12tn. The site is best viewed using IE10 and above, Mozilla Firefox, Safari and Chrome. Sheikh Ahmed bin Saeed Al Maktoum President of the Department of Civil Aviation, CEO of The Emirates Group and Chairman of Dubai World Members of the board include Sheikh Ahmed bin Saeed Al Maktoum,Reem bint Ibrahim Al Hashimy, Sultan bin Saeed Al Mansouri, Mohammed Ibrahim Al Shaibani,Abdulrahman Saleh Al Saleh, Mohammed Hadi Al Hussaini, andHelal Saeed Al Marri. [18] In 2012 ICD acquired Smartstreams Technologies group limited and controlling stake in Dubai Aerospace Enterprise (DAE). @2>K| "^tqk$>){oBdn Global Products Business, US, Qatar, Egypt Supply Europes LNG Demand, Moodys Upgrades Saudi Economy Growth Forecast, Aramco Inks Pact with Renault, Geely for Engine Venture, Oil Prices Slip as Global Demand Concerns Weigh, Oman to Offer Offshore Oil, Gas Concessions this Year, Egypt Hikes Gasoline Prices in Quarterly Review, Geagea to Asharq Al-Awsat: We Will Thwart Quorum to Prevent Election of Hezbollah Candidate, Chirac Warned Bush against Overthrowing Saddam, Saudi Arabia Underscores Efforts to Reach Political Solution to Ukraine Crisis, German Foreign Ministry Spokesperson: We Care About the Path of Reform in Saudi Arabia, Ready to Support it, Kuwait Celebrates 62nd National Day, 32nd Liberation Anniversary, Ilham Ahmed to Asharq Al-Awsat: Giving Legitimacy to Syrian Regime Will Not Yield Political Solution, Al-Alimi to Asharq Al-Awsat: We Support and Encourage Saudi Mediation with Houthis, Syrian Quake Survivors Shelter in Crumbling Aleppo Homes. Mohammed Al Shaibani has held the position of President at the Dubai Office, a Private Management office for the Royal Family of Dubai. Access the DIFC Public Register for Information on the regulated and non-regulated companies within the district. Khalid Bin Kalban is the Managing Director and Chief Executive Officer of DI. The Ruler's Court, Government of Dubai and the CEO & Executive Director of the Investment Corporation of Dubai (ICD). Celebrate success with a business lunch or dinner with family at some of Dubais best restaurants inDIFC., Stay up-to-date with DIFCs response to Covid-19. The Dubai Ruler's Court, a prime government body of the Emirate. Stay up to date with the latest news, announcements and insights from across the Centre by visiting our Newsroom. 4 0 obj Ares Private Equity Group and Chief Financial Officer and Treasurer of Ares Commercial Real Estate Corporation: Investment Professionals: Finance and Accounting: Washington D.C . May I help you with something? 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. AHMED HUMAID AL TAYER until 11 November 2012. A leading first-of-its-kind UAE-based investment company, Dubai Investments was incorporated in 1995. 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. EITC Board contributes towards developing strategy aspiring to create and shareholder value, confidence and maintain sustainability. Syed Salman Rashid holds a Bachelor's Degree from Karachi University and is a Certified Director from Pakistan Institute of Corporate Governance. He also chaired a number of committees, notably the VAT Committee at Dubai Customs. Chairman of the UAEIIC. He served as the Interim Chief %PDF-1.5 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 . The ICDs first-half revenues reached a record AED121.1 billion, a 61 percent increase compared to the same period last year. Held diplomatic assignments in Pakistan Missions Abroad: Berlin (2005-2009), Pretoria (2011-2014) and Hanoi (2014-2017). Board of Directors Hisham Ahmed Al Rayes Chairman (Non-Independent and Executive) . [3] At 2022, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum is its vice chairman. He is also the founder and former Group CEO of Emirates National Oil Company (ENOC). 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. He is married. H.H. 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. from a carefully curated collection of retailers, 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. 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. Mr. Hesham Abdulla Qassim Al Qassim Vice Chairman and Managing Director Mr. Buti Obaid Buti Al Mulla Director H.E. Al Shaibani serves as the Director-General of His Highness the Ruler's Court in Dubai. Board of Directors Board of Directors Leadership Team Shariah Board H. E. Mohammed Al Shaibani Chairman, Gulf Inland Bank . He has also been discharging duties as the Operations Director for the Investment Corporation of Dubai, which is the Dubai government's investment arm.

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