investment corporation of dubai board of directors investment corporation of dubai board of directors

"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 typically meets at. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, as vice chairman; 2. Board Of Directors. Vice Chairman of the UAEIIC. Beyond the Sky a meet and greet with Her Highness Sheikha Mozah bint Marwan Al Maktoum. Daniil Medvedev handed Novak Djokovic his first defeat of the year, beating the world number one 6-4 6-4 to reach the Dubai Tennis Championships final where he plays holder Andrey Rublev for a third title in as many weeks. (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. Abu Dhabi Investment Authority 211 Corniche, PO Box 3600 Abu Dhabi, United Arab Emirates Phone +971 2 415 . Mohammed Al Shaibani is the Chairman of Dubai Islamic Bank. ;H6+nOC|ejUv(Ocn(?ici0\m. - Resources Download photos from today's launch event here. Soonyoung Chang has served as a director of Brookfield Reinsurance since November 2021. (25) of 2020 regardingthe board of directors of Meydan City Corporation. He holds a degree in Petroleum Engineering and is currently the Vice Chairman of Invest Bank, A LEADING FIRST-OF-ITS-KIND UAE-BASED INVESTMENT COMPANY. (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. Investment Corporation of Dubai is the principal investment arm of the Government of Dubai. Executive Committee. Director: Board of Directors: Director-Mark: Affolter: . Come to the Centre and be surprised. Al Mesmar is also a member of the Board of Directors of Emicool LLC and a member of Dubai Investments' Audit Committee. Listed on the Dubai Financial Market in 2000, Dubai Investments has 15,482 shareholders with a share capital of AED 4.25 billion. [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. 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. Sign up to our mailing list and we will keep you informed on the items that matter to you most. 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. The Dubai Ruler's Court, and Managing Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. 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 will serve as the managing director. Search latest Sindh Police jobs online. 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). DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae. 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. 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. Copyright 2023, Investment Corporation of Dubai. A leading first-of-its-kind UAE-based investment company, Dubai Investments was incorporated in 1995. Abdul Rahman Saleh Al Saleh, as member; 7. H.E. His Excellency has been a member of the Board of Directors of the Dubai . Description. The Ruler's Court, Government of Dubai and the CEO & Executive Director of the Investment Corporation of Dubai (ICD). Click here to subscribe to our free newsletter, Copyright: 1978 - 2020 H H Saudi Research and Marketing LTD, All Rights Reserved And subject to Terms of Use Agreement, https://english.aawsat.com/home/article/4017986/board-investment-corporation-dubai-announce-record-financial-results-h1-2022, Board of the Investment Corporation of Dubai Announce Record Financial Results for H1 2022, General view of Sheikh Zayed Road in Dubai, United Arab Emirates, December 29, 2018. [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. He started his professional life with the Dubai Ports Authority & Jebel Ali Free Zone where he worked for seven years. H.E. Explore the world-class ecosystem that will help your business thrive and grow. Hard and soft facilities management and environmental services; endobj <>>> He is also the founder and former Group CEO of Emirates National Oil Company (ENOC). This site is maintained by Department of Finance. The purpose of the fund is to generate a better return on investment, in a way that will benefit the regional financial community. All rights reserved. Khalid Muhammad AlZubair Chairman Sheikh Khalid Abdullah Al Khalili Deputy Chairman Engineer Jamal Shamis Al Hooti Director Brigadier Jamal Said Al Tai Director 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. Energy and waste collection management solutions; 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 The site is best viewed using IE10 and above, Mozilla Firefox, Safari and Chrome. [23][24] In 2017 ALEC engineering and Contracting Limited was acquired by ICD[2] and ISS Global Forwarding in 2018. Mohammed Ibrahim Al Shaibani is the Director-General of H.H. 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. By doing so, we are making valuable contributions to the continuing development of a learning and empowered society for the benefit of our stakeholders. . a*5Vuy`Ub;q$7O6;H4 Z9Pl';D.`36#Z=jdU=>oEX%\ZdZsp8NQmqREiWiHwObxe Ojdt",MqQ5(YH{$ Since early 2002, Glenn Sanford has been actively involved in the online real estate space. We will keep you informed on the items that matter to you most. Description of the Class of Personal Data being Processed: Personal details, family, social circumstances and employment details. He is married. W*Qyh5HBqj8B#zq4KH3$i~%CRVsB%?$w$*T*M4+DHHt*'w 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 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. Khalid Bin Kalban has extensive experience in manufacturing, industrial, financial investments and real estate sectors. 3 0 obj AI. is pleased to announce that its board of directors has declared a dividend for the month of March 2023 of $0.075 per common share, to be paid April 12, 2023 to shareholders of record March 31 . AHMED HUMAID AL TAYER until 11 November 2012. According to Government of India figures, in FY 2015-16, trade between India and UAE crossed US$ 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. Board member since inception in 1995 and Chairman of the Board since 2010. 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. Looks like you may be taking time to decide. He holds a Bachelors Degree in Economics from Cairo University and Diploma in Banking and Financial Studies from New York. 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. Glenn Sanford. Message Secretary General. Chairman of the UAEIIC. [19], Various other mergers and acquisitions were also held by other holding companies of ICD between the periods of 2007 - 2019. 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The MoU focuses on expanding the circle of coordination and investment cooperation between the two institutions to serve their . Board of Directors Declared Total Dividends of $0.66 per Share for First Quarter 2023. All business segments of ICD, the principal investment arm of the Government of Dubai, contributed to this outstanding achievement. National Bond Corporation becomes a subsidiary of ICD in the year 2010. Stay up to date with the latest news, announcements and insights from across the Centre by visiting our Newsroom. Mohammed Al Shaibani is the Director General of H.H. Qualification: . We grew . Mr. Hesham Abdulla Qassim Al Qassim Vice Chairman and Managing Director Mr. Buti Obaid Buti Al Mulla Director H.E. 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. _ga. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. You have requested to send this page to your email. Investment Corporation of Dubai owns more than Dh1 trillion in assets, including Emirates National Oil Corporation. Pierre-Andr de Chalendar Chairman of the Board of Directors of Compagnie de Saint-Gobain Benoit Bazin Chief Executive Officer of Compagnie de Saint-Gobain Director Jean-Franois Cirelli Independent Director Chairman of the Nomination and Remuneration Committee Lydie Cortes Employee Director Member of the Nomination and Remuneration Committee [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. We know that a supportive business environment is key to helping your company thrive. After this he moved to Singapore for four years, as Managing Director of Al Khaleej Investments. H.E. Mr. Copyright 2023, Investment Corporation of Dubai. 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. Learn more about the robust legal and regulatory framework that provides a safe and secure platform toDIFCs clients.. ICD focuses its CSR activities in the areas of education and innovation. Website Privacy Policy and Privacy Notice. 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. H.E. The Investment Corporation of Dubai (ICD) is the primary sovereign wealth fund of the government of Dubai. In a contest where the players put their early season win streaks on the line, it was Rotterdam and . H.E. March 4, 2023 12:19 pm. 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. Other position holders include board members. All rights reserved. He holds a Bachelor of Science in Management and Information System. Data is being processed: Staff (Agents, Workers), Suppliers, Complainants, Correspondents, Enquirers, Relatives and Associates, Advisors, Consultants, Prof. Board Member Khalifa Hassan Abdulla Al Daboos. Number of Employee Profiles 3. Ares Private Equity Group and Chief Financial Officer and Treasurer of Ares Commercial Real Estate Corporation: Investment Professionals: Finance and Accounting: Washington D.C . In this role, he supports the CEO in corporate strategy. Itowns stakes in some of Dubai's biggest and best-known names, including Emirates airline and Dubai's biggest bank, Emirates NBD. Our Mission is to add value and expand DIs investment portfolio through sound corporate citizenship, financial engineering, network of relationships, and financial resources. 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, Sheikh Ahmad bin Saeed Al Maktoum, as member; 3. 1. By embracing change and innovation, Dubai offers an exceptional and exemplary model to emulate for shaping the new world economic paradigm. It's no wonder we've been named Tripadvisor's #1 Most Popular Destination in the World for the second year running. Beautiful beaches, record-breaking attractions and experiences like no other - Dubai is the place to be in 2023. The Board of the Investment Corporation of Dubai (ICD) approved ICDs consolidated financial results for the six months ended 30th June, 2022. Access the DIFC Public Register for Information on the regulated and non-regulated companies within the district. 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. H.E. [29], ICD's portfolio primarily includes businesses and assets either wholly or partially owned by the Dubai Government. He is currently the Director in the Ministry of Foreign Affairs and International Cooperation. The Board primarily formulates the HKIC's investment strategies and mandate, and makes decisions on investment projects as well as ensures and upholds the . This button displays the currently selected search type. Working Group Committee. Sohail Al Mazrui has wide experience in Petroleum Engineering and executive experience in the Oil Industry. Under a presidential decree issued in December 2018, H.E. His Excellency Helal Saeed Almarri is the Director General of the Dubai Department of Tourism and Commerce Marketing (DTCM). Mohammed Al Shaibani has held the position of President at the Dubai Office, a Private Management office for the Royal Family of Dubai. 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. 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. Board of Directors. 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. In his capacity as Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. He also chaired a number of committees, notably the VAT Committee at Dubai Customs. [3] At the end of 2019, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. 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. ALL RIGHTS RESERVED. Reem bint Ibrahim Al Hashimi, as member; 4. Experts. Sheikh Mohammed also issued Decree No. In light of the global developments and the UAE's strategic plans, and in line with the State's policy to promote economic diversification,. 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. Through its nine business divisions, Imdaad provides: [21][22] In 2016 ICD acquired Porto Montenegro Marina and Resort located in world heritage site Bay of Kotro from Montport Capital. to a diverse range of art galleries and some of the citys best restaurants. He has also been discharging duties as the Operations Director for the Investment Corporation of Dubai, which is the Dubai government's investment arm. China's National People's Congress (NPC), the country's top legislative body, begins its annual session on Sunday. % For better web experience, please use the website in portrait mode. He also oversaw and participated in a number of other regulatory and strategic committees, including the Executive Credit Policy Committee and the Indirect Taxation Working Group. Copyright 2023 All rights reserved. H.H. Dubai Investments is supported by a visionary leadership and management guiding its growth. x]Yo8~7 K @EyCnL|N&?iZbI6@n6XX,Rby~z]o:?i?n^Q{M#[?\Zo?ot Douraid Zaghouani Chief Operating Officer. (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. He is also the Vice Chairman of the Supreme Fiscal Committee of Dubai which oversees the Emirate's fiscal policies, and is a member of Dubai's Executive Council, an entity charged with supervising . In 2019, ICD's total assets passed the Dh1 trillion mark, growing by 27.5 per cent to Dh1.12tn. from a carefully curated collection of retailers, Established in 2006, ICD is the principal investment arm of The Government of Dubai. 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. Over these years, the Group has strengthened its businesses, rolled out strategic tactics, maintained consistency, created value, delivered sustainable returns and enhanced resilience, capitalising on the lucrative opportunities and carving a solid foundation for the long-term future. More than a world-class financial centre, DIFC is also a vibrant community of retail and lifestyle. Hussain Al Junaidy has been the Chairman and CEO of various companies in the Oil and Gas Industry. His Highness Sheikh Mohammed bin Rashid also issued Decree No. Syed Salman Rashid holds a Bachelor's Degree from Karachi University and is a Certified Director from Pakistan Institute of Corporate Governance. ICD was established in 2006 to manage the government's portfolio of investments and companies. 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 . Through its nine business divisions, Imdaad provides: Hard and soft facilities management and environmental services; Material recovery services; 9x-m}w_:^Mb>PN~ KTQv$$GYa7i 3)hcr(HBlrv0p#RH2$ %)4k&1!VJwxb%oKYJX^d #vpUE7H=>Dta+xMYW6`GE`*&ISJ@8Ak'~(,yA He holds a degree in Business Management from USA and is a Management Major from Metropolitan State College, USA. In its entirety, the portfolio is reflective of Dubais growth plan and strategic focus areas. Presently, he is serving as Consul General of Pakistan at Dubai since August 2021.