Investment Corporation of Dubai

Updated on Nov 22, 2023

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Website ICD Type of business Sovereign wealth fund		Founded 2006

Headquarters Dubai, United Arab Emirates Key people Sheikh Mohammed bin Rashid Al Maktoum (Chairman) Sheikh Hamdan bin Mohammed Al Maktoum (Vice Chairman) Mohammed Al Shaibani (CEO and Executive Director) Profiles LinkedIn Twitter

The Investment Corporation of Dubai (ICD) is a state-owned holding company that can be characterized as a National Wealth Fund owned by the government of Dubai, United Arab Emirates. Established in May 2006 with the transfer of the government's portfolio of investments from The Department of Finance's Investment Division, its role is to supervise the government's investment portfolio while adding value.

Investments

The funds key investments include:

Investment Corporation of Dubai

Utilities & Energy Sector

Emirates National Oil Company (ENOC)

Transportation Sector

Emirates Group

Dnata

Dubai Aerospace Enterprise (DAE)

Dubai Duty Free Establishment

Financial Sector

Emirates NBD

Dubai Islamic Bank

Borse Dubai

Commercial Bank of Dubai

Union National Bank

National Bonds

Noor Islamic Bank

National Bank of Fujairah

HSBC Middle East Finance Company

Industrial Sector

Dubai Aluminium Company Limited (DUBAL)

Dubai Cable Company (DUCAB)

Cleveland Bridge & Engineering M.E. (Pvt.) Ltd. (CBEME)

Jeema Mineral Water

Dubai Ice Plant & Cold Stores

Real Estate & Leisure Sector

Emaar Properties

Dubai World Trade Centre

Deira Investments

Dubai Development

Atlantis, the palm

Other Holdings

Dubai Investments

Emirates Rawabi

Galadari

Emirates Investment and Development

Dangote Cement

References

Investment Corporation of Dubai Wikipedia

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