More than a world-class financial centre, DIFC is also a vibrant community of retail and lifestyle. The MoU focuses on expanding the circle of coordination and investment cooperation between the two institutions to serve their . Al Shaibani serves as the Director-General of His Highness the Ruler's Court in Dubai. Established in 2006, ICD is the principal investment arm of The Government of Dubai. Imdaad - Investment Corporation of Dubai Imdaad Established in 2007, Imdaad provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets. Dubai Islamic Bank Public Joint Stock Company, licensed & regulated by the Central Bank of the UAE. Executive Council: The Executive Council of the Emirate of Dubai. ICD focuses its CSR activities in the areas of education and innovation. 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. (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. "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 . (24) of 2020 on the Board of Directors of the Investment Corporation of Dubai. In this capacity he was based in London for eight years and he now oversees the functioning of this office from Dubai. Before joining DIP, Al Mesmar was associated with Al Khaleej Investments in Singapore. Mohammed Ibrahim Al Shaibani will serve as the managing director. 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. Mohammed Al Shaibani is the Director General of H.H. 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. 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. About the Council. 2 years. Bilateral Trade. (25) of 2020 regardingthe board of directors of Meydan City Corporation. . Copyright Department of Finance 2016, All Rights Reserved. 9x-m}w_:^Mb>PN~ KTQv$$GYa7i 3)hcr(HBlrv0p#RH2$ %)4k&1!VJwxb%oKYJX^d #vpUE7H=>Dta+xMYW6`GE`*&ISJ@8Ak'~(,yA Join the global finance community to advance the industrys approach to climate and ESG principles through our Path to COP28 initiative. Khalid Bin Kalban is the Managing Director and Chief Executive Officer of DI. 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. Hamad Buamim Board Member Abdulla Hamad Al Shamsi Board Member Javier Marin Romano Board Member 13 February 2023 H.E. 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). Glenn Sanford. Subscribe to our mailing list to get the updates to your email inbox. Commercial and Industrial facilities under management, Waste recycled through segregation programme. Investment Corporation of Dubai (ICD) has 3 current employee profiles, including Chief Operating Officer Douraid Zaghouani. 1. By embracing change and innovation, Dubai offers an exceptional and exemplary model to emulate for shaping the new world economic paradigm. H.H. More than shopping,DIFCis about games and winning too. Imdaad customer base spreads across luxury hospitality, F&B, retail, banking, residential, and mixed-use development sectors. AI. With a continued strategic focus on diversification and unlocking value through an organized divestment process, Dubai Investments will focus on staying significant to business opportunities and facilitate a healthy and channeled growth, in sync with the group-wide strategy to explore, engage and evolve with stability and consistent profitability. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, as vice chairman; 2. Since then, it has grown to become a major player in the economy of Dubai and the UAE, with prudent investments in diversified sectors and markets across the globe real estate, industrial, finance, healthcare and education among others. Sheikh Ahmad bin Saeed Al Maktoum, as member; 3. 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. Since 1998, H.E. DUBAL Holding L.L.C - A subsidiary of Investment Corporation of Dubai www.icd.gov.ae . He is married. Previously, H.E. 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 Come to the Centre and be surprised. Soonyoung Chang has served as a director of Brookfield Reinsurance since November 2021. Under the Mubadala Delegation of Authority, the Board delegates aspects of its authority for executive management to the Group Chief Executive Officer and Managing Director, Khaldoon Khalifa Al Mubarak, as well as to Mubadala's Investment Committee. 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. _ga. The Dubai Ruler's Court, and Managing Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai. Through its businesses, Dubai Investments has empowered communities driving positive growth in all fronts. Board member since inception in 1995 and Chairman of the Board since 2010. Al Mesmar is a graduate in Business Administration from the Higher Colleges of Technology. 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 . Investment Corporation of Dubai owns more than Dh1 trillion in assets, including Emirates National Oil Corporation. 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. (24) of 2020, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum will lead ICD as the chairman of the board . The company also has a significant presence in neighbouring Oman, and is currently expanding its footprint in Saudi Arabia, Qatar, and Egypt. a*5Vuy`Ub;q$7O6;H4 Z9Pl';D.`36#Z=jdU=>oEX%\ZdZsp8NQmqREiWiHwObxe Ojdt",MqQ5(YH{$ 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. This button displays the currently selected search type. [3] At 2022, ICD reported assets worth US$305 billion [4] and revenue of $62 billion. 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. ICD was established in 2006 to manage the government's portfolio of investments and companies. China's National People's Congress (NPC), the country's top legislative body, begins its annual session on Sunday. By doing so, we are making valuable contributions to the continuing development of a learning and empowered society for the benefit of our stakeholders. The Meydan groups portfolio includes real estate projects and housing for airline Emirates, according to its website. [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. Description of the Class of Personal Data being Processed: Personal details, family, social circumstances and employment details. 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. A leading first-of-its-kind UAE-based investment company, Dubai Investments was incorporated in 1995. Start new career by applying job advertisement of 04 March, 2023 in Dawn paper, application deadline of new career opportunity is 31 March, 2023 Mohamed Hadi Ahmed Abdulla Al Hussaini Director Mr. Ali Humaid Ali Abdalla Al Owais Director Mr. Salem Mohammed Obaidalla Director H.E. Al Saleh is a fellow member of the Chartered Institute of Management Accountants (CIMA) in the United Kingdom and holds an MBA degree from the American University of Sharjah. Toronto, Ontario-- (Newsfile Corp. - March 3, 2023) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has . Reem bint Ibrahim Al Hashimi, as member; 4. Base Dividend Increased to $0.41 Per Share, Reflecting Improved Earnings Power of Fidus' Portfolio. Sultan bin Saeed Al Mansouri, as member; 5. Copyright Emirates News Agency (WAM) 2020. 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. [18] In 2012 ICD acquired Smartstreams Technologies group limited and controlling stake in Dubai Aerospace Enterprise (DAE). This was its second conventional bond listing on Nasdaq Dubai, after a $300 million bond was listed in 2014. 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. 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 Investment Corporation of Dubai consolidates the commercial and business assets of Dubai Government. Sign up to our mailing list and we will keep you informed on the items that matter to you most. Board of Directors. All rights reserved. CEO: The chief executive officer of the ICD. (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. (24) of 2020 on the Board of Directors of the . Board of Directors Declared Total Dividends of $0.66 per Share for First Quarter 2023. This site is maintained by Department of Finance. [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. Explore the world-class ecosystem that will help your business thrive and grow. Huda Sayed Naim AlHashimi Director Mr. Jassim Mohammed Abdulrahim Al Ali Director The Ruler's Court, Government of Dubai and the CEO & Executive Director of the Investment Corporation of Dubai (ICD). Under a presidential decree issued in December 2018, H.E. H.E. Learn more about what DIFC has to offer, from easy set-up processes to an enabling infrastructure and a variety of office spaces. 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. Website Privacy Policy and Privacy Notice. 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. 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. Other position holders include board members. Mohammed Ibrahim Al Shaibani is the Director-General of H.H. Under its umbrella, it carries various other Government units such as, Department of Finance, Dubai Courts, The Executive Council to name a few. to a diverse range of art galleries and some of the citys best restaurants. ?V.0hVFFmz|>;2 Listed on the Dubai Financial Market in 2000, Dubai Investments has 15,482 shareholders with a share capital of AED 4.25 billion. 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