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
Saudi Arabia builds start-up culture with state oil money

Saudi Arabia builds start-up culture with state oil money

Gov't has previously has found it hard to promote start-ups in...

Why PE's back in vogue in the Middle East

Why PE's back in vogue in the Middle East

Confidence is returning to the Gulf’s private equity market after...

The curious case of David Haigh

The curious case of David Haigh

The story of how the former Leeds United boss went from football...

3
Most Discussed