Investment Corporation of Dubai (ICD) - Contacts, Employees, Board 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. "The decrees are effective from their date of issuance," according to the statement. 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. [29], ICD's portfolio primarily includes businesses and assets either wholly or partially owned by the Dubai Government. 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. [6][11], Last edited on 24 November 2022, at 01:38, Learn how and when to remove these template messages, Learn how and when to remove this template message, Sheikh Hamdan bin Mohammed bin Rashid al Maktoum, Maktoum bin Mohammed bin Rashid Al Maktoum, "ICD arm paid $2.2bln for AWAS leasing business, accounts show", "Investment Corporation of Dubai reports Dh25 billion net profit, up 16.9% year on year in 2019", "Dubai wealth fund readies bonds, COVID-19 may hit revenue", "Dubai's sovereign wealth fund posts record $63bn revenue in 2018", "Investment Corporation of Dubai and its subsidiaries", "The Middle East's 10 Biggest Sovereign Wealth Funds (For Now)", "ICD and Dubai South launch 'City of Trade' to connect global wholesale buyers and sellers", "Dubai's ICD Invests $300 Million in Nigeria's Dangote Cement", "Dubai sovereign wealth fund sees profits surge 62%", "Emirates Bank International (EBI) merger with National Bank of Dubai (NBD) - A valuation perspective", "Top 10 mergers and acquisitions of the two decade - Top national-bank-dubai-nbd-and-emirates-bank-international-ebi-merger | Lists | Business Chief EMEA", "Emirates Bank International, NBD to merge", "Nasdaq to acquire OMX in deal with Borse Dubai", "Investment Corporation of Dubai's 2019 profit jumps 17% on banking and transport investments", "Investment Corporation of Dubai takes control of National Bonds", "Dubai Aerospace Enterprise sells $750 million in five and a quarter years sukuk", "Two Builders Invested in by Middle Eastern Funds Show Starkly Different Performances", "Investment Corp of Dubai buys three international hotels", "Dubai's ICD Acquires Stakes In Three Hotels", "Investment Corporation of Dubai buys Montenegro yacht resort", "Investment Corporation of Dubai acquires Porto Montenegro Marina", "Investment Corporation of Dubai reports flat profit despite higher revenue", "Dubai's sovereign wealth fund lists $200m bond on Nasdaq", "ICD's performance makes case for 10-year Saudi sukuk, investors say", "UAE funds said to be in fray for Indian investment firm deal", https://en.wikipedia.org/w/index.php?title=Investment_Corporation_of_Dubai&oldid=1123494134, Abdulrahman Saleh Al Saleh (board member), This page was last edited on 24 November 2022, at 01:38. After this he moved to Singapore for four years, as Managing Director of Al Khaleej Investments. upGrad appoints Dan Rosensweig to board of directors The DIFC is more than just a world-class financial centre. Board of Directors | Brookfield Reinsurance [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 2019, ICD's total assets passed the Dh1 trillion mark, growing by 27.5 per cent to Dh1.12tn. Investment Corporation of Dubai revenue up 61% at Dh121.1 billion in 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. The board typically meets at. 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. Investment Corporation of Dubai - Public Register | DIFC The site is best viewed using IE10 and above, Mozilla Firefox, Safari and Chrome. 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. 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. Sign up to our mailing list and we will keep you informed on the items that matter to you most. Hamad Buamim Board Member Abdulla Hamad Al Shamsi Board Member Javier Marin Romano Board Member 13 February 2023 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. 1 0 obj Board Of Directors Access the DIFC Public Register for Information on the regulated and non-regulated companies within the district. (24) of 2020, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum will lead ICD as the chairman of the board . H.E. A leading first-of-its-kind UAE-based investment company, Dubai Investments was incorporated in 1995. He holds a Bachelor of Science in Civil Engineering and is a Chartered Civil Engineer. 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 The Board primarily formulates the HKIC's investment strategies and mandate, and makes decisions on investment projects as well as ensures and upholds the . 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 . Visit Dubai - Official Tourism Board in Dubai - Welcome to Dubai Copyright Department of Finance 2016, All Rights Reserved. He is also the CEO and Executive Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. The Investment Corporation of Dubai consolidates the commercial and business assets of Dubai Government. 2 years. 3 0 obj 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. March 4, 2023 12:19 pm. Residential maintenance, and 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. In his capacity as Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. 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. DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae . H.E. Al Mesmar is also a member of the Board of Directors of Emicool LLC and a member of Dubai Investments' Audit Committee. Our business performance is also a result of the strong and positive relationships with our stakeholders. Through its nine business divisions, Imdaad provides: Hard and soft facilities management and environmental services; Material recovery services; 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). . Dubai Islamic Bank Public Joint Stock Company, licensed & regulated by the Central Bank of the UAE. 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. Dubai ruler issues decrees to restructure boards of Investment It's no wonder we've been named Tripadvisor's #1 Most Popular Destination in the World for the second year running. Board of Directors | Mubadala - Mubadala Investment Company (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. Read Full Bio Chief Executive Officer Ahmad Bin Fahad. % Itowns stakes in some of Dubai's biggest and best-known names, including Emirates airline and Dubai's biggest bank, Emirates NBD. Khalid Muhammad AlZubair Chairman Sheikh Khalid Abdullah Al Khalili Deputy Chairman Engineer Jamal Shamis Al Hooti Director Brigadier Jamal Said Al Tai Director 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 . (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. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Glenn Sanford. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, Vice President and Prime Minister of the UAE issued Decree No. Sindh Police Driver Police Constable Jobs 2023 via STS SIBA Mohamed Hadi Ahmed Abdulla Al Hussaini Director Mr. Ali Humaid Ali Abdalla Al Owais Director Mr. Salem Mohammed Obaidalla Director H.E. stream Board of Directors: The board of directors of the ICD. 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. Copyright 2023, Investment Corporation of Dubai. Stay up to date with the latest news, announcements and insights from across the Centre by visiting our Newsroom. He started his professional life with the Dubai Ports Authority & Jebel Ali Free Zone where he worked for seven years. Investment Corporation of Dubai and Meydan City boards restructured Copyright 2023, Investment Corporation of Dubai. National Bond Corporation becomes a subsidiary of ICD in the year 2010. Dubai: Wilson: Lamont: Partner, Co-Head, European Real Estate: Investment Professionals: Real Estate . Description. Mohammed Al Shaibani has held the position of President at the Dubai Office, a Private Management office for the Royal Family of Dubai. 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 . 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. 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. Explore the world-class ecosystem that will help your business thrive and grow. 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 [18] In 2012 ICD acquired Smartstreams Technologies group limited and controlling stake in Dubai Aerospace Enterprise (DAE). Working Group Committee. Investment Corporation of Dubai - Wikipedia He is also a Business graduate from School of Business, University of Pittsburg, USA. We grew . May I help you with something? Welcome to Dubai. Mohammed Al Shaibani graduated in 1988 from United States and holds a Bachelors Degree in Computer Science. CEO: The chief executive officer of the ICD. Sultan bin Saeed Al Mansouri, as member; 5. is member of the Executive Council of Dubai, and Dubai's Strategic Affairs Council. GFH Capital Dubai, Al Areen Holding Company, and EAT app Qualification: BSc and BA in Marketing from Suffolk University, Boston, Massachusetts - USA . He is also the founder and former Group CEO of Emirates National Oil Company (ENOC). [3], At 2022, ICD reported assets worth US$305 billion[4] and revenue of $62 billion. Subscribe to our mailing list to get the updates to your email inbox. 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. Directors: MOHAMMED BIN RASHID AL MAKTOUM until 15 December 2020. Ares Private Equity Group and Chief Financial Officer and Treasurer of Ares Commercial Real Estate Corporation: Investment Professionals: Finance and Accounting: Washington D.C . 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. Decree No. (24) of 2020 Reconstituting the Board of Directors of the ALL RIGHTS RESERVED. (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 $5.1 Bln in Damage in Syria, World Bank Estimates, Saudi Arabia Bolsters Private Sector Partnership to Achieve Economic Sustainability, Saudi Arabia to Support Sudan Until It Overcomes Exceptional Circumstances, Archbishop of Vienna Stresses Importance of Makkah Document in Confronting Hatred, Saudi Green FlagA Symbol of Unity, Sovereignty, Tennis - ATP 500 - Mexican Open - Arena GNP Seguros, Acapulco, Mexico - March 3, 2023 Tommy Paul of the US in action during his semi final match against Taylor Fritz of the US REUTERS/Henry Romero, Security officers march in formation outside the Great Hall of the People in Beijing, Saturday, March 4, 2023. Today, we are a diversified conglomerate with businesses across industries that contribute to augmenting the countrys economic diversity, further underlining the potential of this nation and its robust business landscape. Sheikh Mohammed also issued Decree No. W*Qyh5HBqj8B#zq4KH3$i~%CRVsB%?$w$*T*M4+DHHt*'w "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 . 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. H.E. EITC Board contributes towards developing strategy aspiring to create and shareholder value, confidence and maintain sustainability. Chairman - Nakheel Consulate General of Pakistan - Consulate General of Pakistan BOARD OF DIRECTORS - DAE - Dubai Aerospace 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. The Board of the Investment Corporation of Dubai (ICD) approved ICDs consolidated financial results for the six months ended 30th June, 2022. endobj The Rulers Court is the Prime Government Body of Dubai, U.A.E. The purpose of the fund is to generate a better return on investment, in a way that will benefit the regional financial community. 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 He is the former CEO of Abu Dhabi National Oil Company (ADNOC) as well as the former CEO and Chairman of Aabar. Board of Directors | Leadership Team | Dubai Islamic Bank 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 Dubai's strategic development. 2hQ(GB3k/)"VK|24) 'TjEe=m{+xkkkr)>rOsTr_" SP^n] 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. H.E. Fidus Investment Corporation Announces Fourth Quarter and Full Year The Investment Corporation of Dubai (ICD) is the primary sovereign wealth fund of the government of Dubai. 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. UAEIIC partners with JOIN to expand coordination and investment About Ithra Dubai - Ithra Dubai He also chaired a number of committees, notably the VAT Committee at Dubai Customs. H.E. 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. Al Mesmar is a graduate in Business Administration from the Higher Colleges of Technology. H.H. Website Privacy Policy and Privacy Notice. Presently, he is serving as Consul General of Pakistan at Dubai since August 2021. Log-in now to access a number of services available to our clients and visitors at the click of a button. H.H. Board of the Investment Corporation of Dubai Announce Record Financial In this role, he supports the CEO in corporate strategy. By doing so, we are making valuable contributions to the continuing development of a learning and empowered society for the benefit of our stakeholders. Board of Directors | DFSA | THE INDEPENDENT REGULATOR OF FINANCIAL SERVICES The company also has a significant presence in neighbouring Oman, and is currently expanding its footprint in Saudi Arabia, Qatar, and Egypt. endobj - Resources Download photos from today's launch event here. About the Council. By embracing change and innovation, Dubai offers an exceptional and exemplary model to emulate for shaping the new world economic paradigm. Qp`mQ-2B$apMp,t^|EA\WQz~ys-o'E]~Kr-;`yxIxrK|[4$K53f*5G6Ua@`n't Copyright 2023 All rights reserved. 1. His Excellency Abdulrahman Saleh Al Saleh is the Director General of the Government of Dubai's Department of Finance (DOF) since 2009. Data Subjects or class of Data Subjects whose Personal [citation needed], In October 2017 ICD listed a $200 million Sukuk on NASDAQ Dubai. Imdaad customer base spreads across luxury hospitality, F&B, retail, banking, residential, and mixed-use development sectors. Base Dividend Increased to $0.41 Per Share, Reflecting Improved Earnings Power of Fidus' Portfolio. 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. Designated Non-Financial Businesses and Professions. Executive Council: The Executive Council of the Emirate of Dubai. Seasoned, creative and charismatic entrepreneur with a robust skillset in strategy, finance, client & team management, thanks to 21 years of experience and a lifelong learning mindset:<br>- Eight years of financial leadership (CFO), investment banking advisory (M&A, corporate finance and capital markets) and private equity experience, serving clients in Europe and the Middle East in both . Other position holders include board members. In this capacity he was based in London for eight years and he now oversees the functioning of this office from 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. Looks like you may be taking time to decide. 2 min read. He has also been discharging duties as the Operations Director for the Investment Corporation of Dubai, which is the Dubai government's investment arm. Mubadala's Board members include some of the UAE's most senior public . 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. . 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. 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. 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. Mohammed A. Ibrahim Al Shaibani serves as Chief Executive Officer and Executive Director of the Investment Corporation of Dubai. Khalid Bin Kalban has extensive experience in manufacturing, industrial, financial investments and real estate sectors. Under its umbrella, it carries various other Government units such as, Department of Finance, Dubai Courts, The Executive Council to name a few. @2>K| "^tqk$>){oBdn About Us | Al Rawabi First meeting of Board of Directors of Hong Kong Investment Corporation Board Of Directors. AHMED HUMAID AL TAYER until 11 November 2012. Abdulla Al Qubaisi - Operation Director - Investment Corporation of <> Abu Dhabi Investment Authority 211 Corniche, PO Box 3600 Abu Dhabi, United Arab Emirates Phone +971 2 415 . Board of Directors | Leadership Team | Gulf Inland Bank 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. DUBAI ISLAMIC BANK P.J.S.C. : Shareholders Board Members Managers and Message Secretary General. You have requested to send this page to your email. (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. Board of Directors. Jan 1994 - Jun 200814 years 6 months. Established in 2006, ICD is the principal investment arm of The Government of Dubai. Hussain Al Junaidy has been the Chairman and CEO of various companies in the Oil and Gas Industry. Investment Corporation of Dubai is the principal investment arm of the Government of Dubai. Learn more about what DIFC has to offer, from easy set-up processes to an enabling infrastructure and a variety of office spaces. Through its nine business divisions, Imdaad provides: Investment Corporation of Dubai Profile: Commitments & Mandates | PitchBook [25] In 2019 DAE became a wholly owned subsidiary of ICD. Khalid Bin Kalban is the Managing Director and Chief Executive Officer of DI. a*5Vuy`Ub;q$7O6;H4 Z9Pl';D.`36#Z=jdU=>oEX%\ZdZsp8NQmqREiWiHwObxe Ojdt",MqQ5(YH{$ <>>> Huda Sayed Naim AlHashimi Director Mr. Jassim Mohammed Abdulrahim Al Ali Director 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. An exhibition was also held on the sidelines of the forum. Under Decree No. 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.