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August 02, 2015 11:10 AM ET

Capital Markets

Company Overview of Investment Corporation of Dubai

Company Overview

Investment Corporation of Dubai is a principal investment arm of the Government of Dubai. The firm seeks to manage the Government of Dubai's portfolio in commercial companies and investments across strategic sectors including financial services, transportation, energy and industrial, real estate and leisure, retail, and other holdings. It prefers to invest locally and internationally. Investment Corporation of Dubai was formed in May 2006 and is based in Dubai, United Arab Emirates.

P.O. Box 333888

Dubai International financial Center - DIFC

Gate Village 7

6th Floor

Dubai,  

United Arab Emirates

Founded in 2006

Phone:

971 4 707 1333

Fax:

971 4 707 1444

Key Executives for Investment Corporation of Dubai

Chief Executive Officer and Executive Director
Deputy Chief Executive Officer
Director Investment Structuring
Compensation as of Fiscal Year 2015.

Investment Corporation of Dubai Key Developments

Investment Corporation of Dubai Reportedly Frontrunner For Hyde Park Barracks

Investment Corporation of Dubai is known to be the frontrunner for the acquisition of Hyde Park Barracks, which is owned by the Ministry of Defense. The Investment Corporation of Dubai is providing funding for a consortium including Dixon Jones. The Daily Telegraph newspaper quoted the Ministry of Defense stating it was “nowhere near ready to go to tender” and none of the interested parties has yet been asked to submit bids.

Investment Corporation In Talks To Increase Stake In Dubai Aerospace

Investment Corporation of Dubai (ICD) is planning to increase stake in Dubai Aerospace Enterprise (DAE) Ltd. ICD expects to complete a deal to increase its stake in Dubai Aerospace Enterprise (DAE) by the end of 2014. Khalifa al-Daboos, Deputy Chief Executive Officer of ICD and Managing Director of DAE, said that ICD is already the majority shareholder of DAE, holding 55%, and it was hoping to acquire the stake currently held by Istithmar World P.J.S.C. Khalifa said, "We have made an offer to them. I think most likely the deal will be completed by end of this year." Khalifa declined to disclose the price offered to Istithmar and how much of DAE the unit of Dubai World owned. However, a source aware of the matter, speaking on condition of anonymity as the information is private, said Istithmar held around 15%.

Investment Corporation of Dubai Announces Formation of Dubai Holding LLC; Dubai Holding LLC Announces Executive Appointments

Investment Corporation of Dubai (ICD) and Mubadala Development Company to combine their aluminium industry assets - primarily the operations of Dubai Aluminium PJSC and Emirates Aluminium Limited PJSC- to form Emirates Global Aluminium (EGA), ICD has formed a new wholly owned subsidiary - DUBAL Holding LLC (DH) - to look after, among other things, ICD's 50% share in the activities of EGA.

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