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. He is also the founder and former Group CEO of Emirates National Oil Company (ENOC). The board typically meets at. Sheikh Ahmed bin Saeed Al Maktoum President of the Department of Civil Aviation, CEO of The Emirates Group and Chairman of Dubai World . 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. <>>> [citation needed], In October 2017 ICD listed a $200 million Sukuk on NASDAQ Dubai. Al Qubaisi sits on other company boards and is the Chairman of Emirates Refreshment Company, Vice Chairman of Emirates Modern Poultry Company (Al Rawdah) and a board member at Aswaaq. Mohammed Ibrahim Al Shaibani, Managing Director, Investment Corporation of Dubai, said: ICDs record revenues, earnings and assets for the first half of 2022 are an impressive achievement as the expansion of our businesses accelerated despite the global economic slowdown. H.E. The Board primarily formulates the HKIC's investment strategies and mandate, and makes decisions on investment projects as well as ensures and upholds the . endobj Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, as vice chairman; 2. The Financial Secretary, Mr Paul Chan, chaired the first meeting of the Board of Directors (Board) of the Hong Kong Investment Corporation Limited (HKIC) as its Chairman today (February 28). C^L:X,n3Azt/*hB%N( FYHDo7a7-0 V2qm:raq 'DSgK^+,5vLnZ m9WUey]6xBC+/ES+Vu~M5$[ukb;dz}`0jf75JK!qVr*bCq)9TwExYE=w}ZD#kpqg-TK]Yw{/eR,.95g]U|Cuzou=!#ol^B$p(Ur|Chh[$m? from a carefully curated collection of retailers, ICD was established in 2006 to manage the government's portfolio of investments and companies. is member of the Executive Council of Dubai, and Dubai's Strategic Affairs Council. n9RH"4/R 4pvNvn;"vD)HJI`n(aG,' Under a presidential decree issued in December 2018, H.E. Description. Investment Corporation of Dubai (ICD) has 3 current employee profiles, including Chief Operating Officer Douraid Zaghouani. "The decrees are effective from their date of issuance," according to the statement. Board Member Khalifa Hassan Abdulla Al Daboos. 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. As3y This site is maintained by Department of Finance. H.E. Log-in now to access a number of services available to our clients and visitors at the click of a button. %PDF-1.5 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. ICD focuses its CSR activities in the areas of education and innovation. [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. H.E. Incorporation PJC: H.E. Served at the Ministry of Foreign Affairs, Islamabad as Director General (July- 2019-July 2021). Sultan bin Saeed Al Mansouri, as member; 5. DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae . (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. Other position holders include board members. Copyright Emirates News Agency (WAM) 2020. Khalid Muhammad AlZubair Chairman Sheikh Khalid Abdullah Al Khalili Deputy Chairman Engineer Jamal Shamis Al Hooti Director Brigadier Jamal Said Al Tai Director 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. The Investment Corporation of Dubai consolidates the commercial and business assets of Dubai Government. DNFBP: More than a world-class financial centre, DIFC is also a vibrant community of retail and lifestyle. Sarah Dea / The National. Commercial and Industrial facilities under management, Waste recycled through segregation programme. Base Dividend Increased to $0.41 Per Share, Reflecting Improved Earnings Power of Fidus' Portfolio. The DIFC is more than just a world-class financial centre. Khalid Bin Kalban is the Managing Director and Chief Executive Officer of DI. We grew . H.H. Residential maintenance, and He holds a Bachelors Degree in Electrical Engineering from Florida Institute of Technology, USA and a Management Degree from Cranfield School of Management, England. Board of Directors Hisham Ahmed Al Rayes Chairman (Non-Independent and Executive) . Sign up to our mailing list and we will keep you informed on the items that matter to you most. For better web experience, please use the website in portrait mode. In his capacity as Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. 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. ALL RIGHTS RESERVED. Investment Corporation of Dubai is a sovereign wealth fund of the Government of Dubai established in 2006, [2] with a mandate to manage the Government of Dubai's portfolio of commercial companies and investments. Hard and soft facilities management and environmental services; Dubai: Wilson: Lamont: Partner, Co-Head, European Real Estate: Investment Professionals: Real Estate . Board of Directors. Data Subjects or class of Data Subjects whose Personal May I help you with something? Net profit increased to Dh25 billion from the year-earlier period, it said in May. Looks like you may be taking time to decide. He has also been discharging duties as the Operations Director for the Investment Corporation of Dubai, which is the Dubai government's investment arm. 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. ?V.0hVFFmz|>;2 National Bond Corporation becomes a subsidiary of ICD in the year 2010. Mohammed Al Shaibani is the Director General of H.H. 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. 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 served as the Interim Chief 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. Board Member since inception in 1995 and Vice Chairman of the Board since 2010. 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. 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-- . a*5Vuy`Ub;q$7O6;H4 Z9Pl';D.`36#Z=jdU=>oEX%\ZdZsp8NQmqREiWiHwObxe Ojdt",MqQ5(YH{$ Al Mesmar is also a member of the Board of Directors of Emicool LLC and a member of Dubai Investments' Audit Committee. [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. 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. Investment Corporation of Dubai (ICD) is a sovereign wealth fund based in Dubai, United Arab Emirates. In this capacity he was based in London for eight years and he now oversees the functioning of this office from Dubai. GFH Capital Dubai, Al Areen Holding Company, and EAT app Qualification: BSc and BA in Marketing from Suffolk University, Boston, Massachusetts - USA . In 2019, ICD's total assets passed the Dh1 trillion mark, growing by 27.5 per cent to Dh1.12tn. (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. 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. ;H6+nOC|ejUv(Ocn(?ici0\m. AHMED HUMAID AL TAYER until 11 November 2012. Khalid Bin Kalban has extensive experience in manufacturing, industrial, financial investments and real estate sectors. ICD invests in a variety of sectors, with a particular focus on the financial services and transportation industries. Dubai skyline. 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. 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 . % stream DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae. We are always in pursuit of motivated and dynamic professionals, if you are looking for an opportunity to make a difference, please submit your CV. 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. 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. Directors: MOHAMMED BIN RASHID AL MAKTOUM until 15 December 2020. It's no wonder we've been named Tripadvisor's #1 Most Popular Destination in the World for the second year running. Al Shaibani serves as the Director-General of His Highness the Ruler's Court in Dubai. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum is its vice chairman. <> Stay up to date with the latest news, announcements and insights from across the Centre by visiting our Newsroom. Al Mesmar is a graduate in Business Administration from the Higher Colleges of Technology. Syed Salman Rashid holds a Bachelor's Degree from Karachi University and is a Certified Director from Pakistan Institute of Corporate Governance. "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 . 9x-m}w_:^Mb>PN~ KTQv$$GYa7i 3)hcr(HBlrv0p#RH2$ %)4k&1!VJwxb%oKYJX^d #vpUE7H=>Dta+xMYW6`GE`*&ISJ@8Ak'~(,yA H.H. During 2021 the Committee members were: Charles Flint KC (Chairman) Abdul Wahid Al Ulama; Julie Dickson 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. Values. 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. H.H. Beautiful beaches, record-breaking attractions and experiences like no other - Dubai is the place to be in 2023. Bilateral Trade. Mr. Hesham Abdulla Qassim Al Qassim Vice Chairman and Managing Director Mr. Buti Obaid Buti Al Mulla Director H.E. 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. We will keep you informed on the items that matter to you most. This was its second conventional bond listing on Nasdaq Dubai, after a $300 million bond was listed in 2014. io`fC,Y:*Qa;pe{xKic{]AEn]q3#]x)8]`rh\z'"scw%X-r;@a 6];OZx|MPwj|;~e|koj_&vcLGP|~=l:QawCJ#HE1J];55xiUP$Y*9~zaO._AsXo(H;qq/O+%1qr @e?$D aJbeZ0` :w fb*9VhC}W;eJ if$B2({y*R:\DI,D)`46RA;*|q (24) of 2020 on the Board of Directors of the . 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. 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. All rights reserved. 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. Description of the Class of Personal Data being Processed: Personal details, family, social circumstances and employment details. [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. Regional member countries Non-Regional member countries He started his professional life with the Dubai Ports Authority & Jebel Ali Free Zone where he worked for seven years. ICD has been mandated to enable the globalization and privatization of these iconic brands. _ga. Imdaad customer base spreads across luxury hospitality, F&B, retail, banking, residential, and mixed-use development sectors. Copyright 2023 DIFC. (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. He is currently the Director in the Ministry of Foreign Affairs and International Cooperation.
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