Dubai ruler trims investment firm board

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Sheikh Mohammed Bin Rashid Al Maktoum, Dubai's ruler. 

Sheikh Mohammed Bin Rashid Al Maktoum, Dubai's ruler. 

Dubai's ruler has trimmed the board of Investment Corporation of Dubai (ICD), the emirate's investment arm, cutting it down to five members from six, state news agency WAM reported on Tuesday.

Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum will continue as the chairman and Dubai crown prince, Sheikh Hamdan bin Mohammed al-Maktoum, will remain vice-chairman, WAM said citing a decree by the ruler.

The other board members are Sheikh Maktoum bin Mohammed al-Maktoum, ICD Chief Executive Mohammed al-Shaibani and Emirates airline Chairman Sheikh Ahmed bin Saeed al-Maktoum, who is also the ruler's uncle.

Ahmed Humaid al-Tayer is no longer part of the board.

Tayer, a former governor of the Dubai International Financial Centre, was also chairman of Emirates NBD until last November when he was replaced by Sheikh Ahmed.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Breakdown in talks between Athens and its creditors plunged the...

Malaysia fund's $4.5bn rescue may weigh on Abu Dhabi's IPIC

Malaysia fund's $4.5bn rescue may weigh on Abu Dhabi's IPIC

International Petroleum Investment Co came to the aid of Malaysia...

Debt market beckons as Saudi bourse opens to foreigners

Debt market beckons as Saudi bourse opens to foreigners

Corporate bond issuance in the kingdom is the most active in...

Most Popular
Most Discussed