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
Women edge into Gulf boardrooms as economies, societies shift

Women edge into Gulf boardrooms as economies, societies shift

Amina al-Rustamani, CEO of TECOM Investments, is leading the...

2
Dubai mulls rule change to lure more domiciled funds

Dubai mulls rule change to lure more domiciled funds

Proposed rules would create a new class of funds in the Dubai...

Gulf's rift over Qatar may slow investment, reforms

Gulf's rift over Qatar may slow investment, reforms

Analysts suggest dispute may not hurt immediately but could impact...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams