@2>K| "^tqk$>){oBdn He is also the CEO and Executive Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. Incorporation PJC: H.E. At the Meydan City Corporation, theMeydan racecourse is the centrepiece offering a full season of horseracing, the highlight of which is the worlds richest raceday, the Dubai World Cup. 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. Board Member of Gulf Investment Corporation GSC - State of Kuwait. [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. Dubai Islamic Bank Public Joint Stock Company, licensed & regulated by the Central Bank of the UAE. Fire safety consultation and management. He is a member of the Executive Council of Dubai, a member of the Board of Directors of the Investment Corporation of Dubai and also the Director General of the Dubai World Trade Centre Authority (DWTCA). Start new career by applying job advertisement of 04 March, 2023 in Dawn paper, application deadline of new career opportunity is 31 March, 2023 Mr. % AI. [23][24] In 2017 ALEC engineering and Contracting Limited was acquired by ICD[2] and ISS Global Forwarding in 2018. 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. [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. The Investment Corporation of Dubai (ICD) is the primary sovereign wealth fund of the government 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. Glenn Sanford. H.E. Let's explore! 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. Experts. 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] History [ edit] Under a presidential decree issued in December 2018, H.E. Held diplomatic assignments in Pakistan Missions Abroad: Berlin (2005-2009), Pretoria (2011-2014) and Hanoi (2014-2017). He holds a Bachelor of Science in Management and Information System. 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 He is also a Business graduate from School of Business, University of Pittsburg, USA. 1 0 obj Regional member countries Non-Regional member countries Read Full Bio Chief Executive Officer Ahmad Bin Fahad. ICD was established in 2006 to manage the government's portfolio of investments and companies. Designated Non-Financial Businesses and Professions. 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. ?V.0hVFFmz|>;2 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. 2hQ(GB3k/)"VK|24) 'TjEe=m{+xkkkr)>rOsTr_" SP^n] 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. 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. Our Mission is to add value and expand DIs investment portfolio through sound corporate citizenship, financial engineering, network of relationships, and financial resources. 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. The ICDs first-half revenues reached a record AED121.1 billion, a 61 percent increase compared to the same period last year. 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 MoU focuses on expanding the circle of coordination and investment cooperation between the two institutions to serve their . Welcome to Dubai. Established in 2006, ICD is the principal investment arm of The Government of Dubai. [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 $11.3 Billion. 2 0 obj Dubai Investments is committed to consistently accelerate the transformation of the Groups strategy focused on its people and culture by building a strong and diverse workforce along with continued efforts towards enhancing sustainability and digitisation efforts. His Excellency Abdulrahman Saleh Al Saleh is the Director General of the Government of Dubai's Department of Finance (DOF) since 2009. Dubai International Financial Centre (DIFC) is one of the worlds most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and a nominal GDP of US$ 8 trillion. The Dubai Ruler's Court, a prime government body of the Emirate. (24) of 2020 on the Board of Directors of the Investment Corporation of Dubai. Investment Corporation of Dubai (ICD) is a sovereign wealth fund based in Dubai, United Arab Emirates. Qualification: . 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 . We grew . All rights reserved. China's National People's Congress (NPC), the country's top legislative body, begins its annual session on Sunday. Mohammed Ibrahim Al Shaibani, as member; 6. 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. Khalifa Al Daboos Deputy CEO. An exhibition was also held on the sidelines of the forum. H.E. n9RH"4/R 4pvNvn;"vD)HJI`n(aG,' Search latest Sindh Police jobs online. (25) of 2020 regardingthe board of directors of Meydan City Corporation. 4 0 obj He has served with EFU Group for over 30 years and presently serves as a Deputy Managing Director of EFU General Insurance Limited looking after the largest Marketing and Sales Division of the Company. 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. Before joining DIP, Al Mesmar was associated with Al Khaleej Investments in Singapore. [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. "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 . 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. Description. 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. 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. Chairman of the UAEIIC. Dubai Investments is supported by a visionary leadership and management guiding its growth. Looks like you may be taking time to decide. Mubadala's Board members include some of the UAE's most senior public . 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. Explore the district beyond the office, W*Qyh5HBqj8B#zq4KH3$i~%CRVsB%?$w$*T*M4+DHHt*'w EITC Board contributes towards developing strategy aspiring to create and shareholder value, confidence and maintain sustainability. Net profit increased to Dh25 billion from the year-earlier period, it said in May. 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. Khalid Bin Kalban is the Managing Director and Chief Executive Officer of DI. AHMED HUMAID AL TAYER until 11 November 2012. 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. Copyright 2023 DIFC. 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.