H.H. Lecturer & Head of Legal Affairs, High Commercial Institute, Kuwait, Published books on law that are adopted as text books in UAE and Kuwait University respectfully, Legal Advisor and Head of Legal Office; Ministry of Economy & Commerce, UAE, Legal Advisor of the Executive Council of the Emirate of AUH, Owner of Ghanayem Legal & Management Consultancy EST, Treasurer & Account Officer in Charge of Citibanks Financial Institutions in Dakar, Vice President Citibank Private Bank, Geneva, Managing Director Sahara Financial Management Services, Regional Director of Ecobank for Middle East, North Africa & India, Vice Chairman at Signature Africa Ventures. Sheikh Mohammed bin Khalifa bin Zayed Al Nahyan H.E. Their most recent diversity investment was on May 6, 2021, when Charter Next Generation raised Abu Dhabi Investment Authority has had 22 exits. Feedback. Previously, Mr. Al Darmaki held the position of Chairman at the Central Bank of the UAE, Abu Dhabi Investment Company, Abu Dhabi Securities Market, Global Investment House (Kuwait), and as a Board Member at National Bank of Abu Dhabi, Al Hilal Bank, Arab Banking Corporation and Qatar Telecom (Ooredoo). Based in London, he played the lead operating role in the Firms investment in SPIE and served as chairman of the supervisory board of Rexel during CD&Rs ownership of the company from 2005 to 2014. Thereafter, senior management provides regular updates to the Board of Directors to monitor progress against budget and strategy and permit any necessary modifications or adjustments in strategic direction. Shubhrawpratap Dasgupta Advisor Jan 5, 2017. Under his leadership, ADIO has launched international offices around the world. It is primarily involved in the establishment of Abu Dhabi National Bank 1968, and working in multiple sectors such as Banking, Financial services as well as Insurance services and manages investments. Former board positions include: Chairman of Abu Dhabi Commercial Bank, Vice Chairman of the Abu Dhabi Investment Company, Governor of the Board of the CFA Institute . All rights reserved. PitchBook provides insight into a limited partners preferred investments, including actual and target allocations by strategy, secondary market preferences and interest in first-time funds. 2023 PitchBook. . The Banks internal control system has been designed to provide reasonable assurance to the Banks Board of Directors and shareholders. The Committee has agreed a list of skill requirements necessary for the proper functioning of the Board as a whole. Abu Dhabi Investment Authority 211 Corniche, PO Box 3600 Abu Dhabi, United Arab Emirates Phone +971 2 415 0000 Fax +971 2 415 1000 Furthermore, as a Management PHD holder, he progressed to be a leader in education, healthcare and finance. Its investments in global real-estate at the market top in 2008 have also decreased substantially in value. Sheikh Khalifa appoints new board of directors for Adnoc - The National His career in asset management began at Abu Dhabi Investment Authority (ADIA) in 1983, where he ultimately served as Deputy Managing Director from 1997 to 2007. PitchBooks data visualizations help you see a limited partners commitmentsshowing a breakdown of activity by fund type and region, complete with performance metrics. Dr. Al Jaber continues to serve as Chairman of Masdar, guiding its strategic direction. The Abu Dhabi Investment Council was splintered off from the Abu Dhabi Investment Authority (ADIA) . In particular, it sets the goals, strategies and policies of the Bank. Emirates Investment Authority (EIA) is the only Sovereign Wealth Fund of the Federal Government of the United Arab Emirates. Sheikh Zayed does not hold any external directorships. Al Gergawi is the Board Chairman of the Federal Competitiveness and Statistics Authority (FCSA), the government body responsible for developing and enhancing the countrys performance in the areas of global competitiveness and statistics. Mubadala Infrastructure Partners Limited, Chairman (2008), UAE, Cleveland Clinic Abu Dhabi LLC, Non-Executive Director (2010), UAE, GlobalFoundries Inc, Non-Executive Director (2012), USA, Mubadala Capital, Non-Executive Director, (2021), UAE, Borealis AG, Non-Executive Director (2020), Austria, Nova Chemicals Corporation, Non-Executive Director (2021), Canada, Aabar Investments PJSC, Non-Executive Director (2017), UAE, Abu Dhabi Retirement Pension & Benefits Fund (Operating Company), Non-Executive Director (2019), UAE, CEPSA - Compaa Espaola de Petrleos S.A., Non-Executive Director, Non-Executive Director (2019), Spain, OMV AG, Non-Executive Director (2021), Austria, International Petroleum Investment Company, Non-Executive Director, UAE, Yas Holding LLC, Non-Executive Director (2021), UAE. Details of all transactions in which a Director and/or other related parties might have potential interests are provided to the Board for its review and approval. Media & Resources - EIA Decree establishes the EIA as sole Federal investment vehicle. Thoma Bravo Fund XV, L.P. managed by Thoma Bravo, L.P. and Abu Dhabi Investment Authority entered into an Agreement and Plan of Merger to acquire Coupa Software Incorporated from a group of. MSc Business Administration (INSEAD) It manages the Emirate's excess oil reserves and is estimated to manage $790 billion. An external auditor is appointed annually by shareholders on the recommendation of the Board of Directors. . Mr. Kanoo currently serves as the Chairman of The Kanoo Group, one of the largest, longest running and independent family-owned groups of companies in the Gulf region. H.E. He has prioritized the adoption of breakthrough technologies including AI, Big Data and Blockchain to ensure ADNOC stays ahead of global energy demand and remains a key contributor Amongst other things, the Committee will consider whether the skills held by the candidate Director are suitable. As well as acting as administrator for the Board's activities, the Board Secretariat works closely with both the Board of Directors and the management to facilitate communication and transparency. The board members currently serve for a period of three years, and can be renewed. [4][2], The fund is a member of the International Forum of Sovereign Wealth Funds. In addition, Mr. Quarta is chairman of WPP plc and Smith & Nephew plc. [13], Many of ADIA's investments have decreased substantially since investments were made at market peaks in 2007 and 2008. About the Abu Dhabi Investment Office PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi 1107 (D.D.C. Chief Financial Officer, Private Equities Department, Youre viewing 5 of 29 commitments. The Bank's Board of Directors comprises 11 Directors - majority of which are independent, non-executive Directors elected or appointed by the Bank's shareholders. He is the Founding Member and Chairman of AlNowais Investments. . Sheikh Mohammed bin Rashid Al Maktoum. Feedback. The Board maintains awareness of the other commitments of its Directors and senior management. He is currently part of the senior management team in the Crown Prince Court, serving as the executive director of the financial affairs, overseeing the entire financial activities and strategic initiatives. A seasoned banker with strong leadership skills across all facets of the business and with extensive expertise in strategy, finance, risk, investment, credit and corporate governance. Member of the Board of Directors of the Commercial International Bank, Deputy Director of the Excellent Financial Services company, Financial and strategic advisor Noor Bank, Member of the Board of Directors of the Commercial International Bank (CBI), Head of the Institutional Performance Measurement Department within the Strategic Planning Sector, Abu Dhabi Municipality. Board of Directors Board of Directors Management Team Committees Documents Investors Overview About Us Financial Information Bond Information Share Information Calendar Analyst Coverage Corporate Governance Board of Directors Management Team Committees Documents Company Announcements IR Contact Investor FAQs The Abu Dhabi Investment Authority will receive units that will be convertible into Citigroup shares at a price of up to $37.24 a share between March 15, 2010, and Sept. 15, 2011. Eissa Al Suwaidi holds the post of Chief Executive Officer at Abu Dhabi Investment Council, United Arab Emirates. He also chairs the World Government Summit, a global platform focused on shaping the future of governments. The Bank is subject to five main sources of regulation and supervision: Directors' remuneration is set annually by the Board following delegation from the Bank's shareholders. In 2012, he was nominated and elected by ADCB shareholders to act as a Director, and in March 2015, he was again nominated and elected by ADIC to act as a Director. The function is both administrative and strategic. With the initial core team and governance framework in place, we were then entrusted with the custody, management and development of strategic federal assets such as Emirates Integrated Telecommunications Company (du) and Emirates Telecommunications Corporation (Etisalat). Home - EIA H.E. Abu Dhabi Investment Authority is an investment management agency investing funds on behalf of the Government of Abu Dhabi. Al Marri is a member of the Boards of Directors of different federal entities. The assets of the fund are managed by the executive management team. Prior to taking on the leadership position at ADNOC, Dr. Al Jaber was the Chief Executive Officer of the Energy platform at Mubadala, the Abu Dhabi governments strategic investment arm. Abu Dhabi Investment Authority - ADIA: A government-owned investment organization that manages the sovereign wealth fund for Abu Dhabi, United Arab Emirates. The Bank is committed to sound corporate governance practices. Between 1981 and 2014, he led strategic positions in the government of United Arab Emirates including Minister of Health, Minister of Oil and Natural Resources, Vice President of OPEC, Chairman of the Executive Board of the Arab Ministers of Health, Establisher and Chairman of the Executive Board of the Federal Environment Agency, Chairman of the Executive Board of Emirates Petroleum, Member of the Advisory Board of Eastern Mediterranean Regional Organization World Health Organization, Member of the Board of Trustees of Emirates Foundation, a philanthropic organization set up by the Government of the Emirate of Abu Dhabi, Member of the Board of Abu Dhabi Council for Economic Development an economic policy advisory council established by law in the Emirate of Abu Dhabi. Mr. Al Kindi received an honorary doctorate from Eastern Michigan University, where he had previously earned a B.S. Mahmood Ebraheem Al Mahmood | Mubadala - Mubadala Investment Company H.E. [10] ADIA is one of the largest sovereign wealth funds in the world. He was also the focal point for a number of comprehensive strategic partnerships with a number of countries. United Arab Emirates, Emirates Investment Authority All Rights Reserved 2023. Abdulla Bin Touq Al Marri was appointed Minister of Economy of the United Arab Emirates (UAE) under the new government structure approved in July . Assistant to the Deputy Director, Colo Dept. Member of the Libyan Reconciliation Commission. EIA invests into a globally diversified investment portfolio. His Excellency earned his stripes in professional finance at Citi Bank in London. He is also a board member of the Economic Zones World and Dubai Real Estate Corporation. H.E. Who We Are - TAQA [13] Our Objectives - EIA Abu Dhabi Investment Authority | International Forum of Sovereign Mr. Al Badi holds a Bachelors degree in International Relations from Lewis & Clark College. View Biography BOD | Al Ramz - Al Ramz Corporation PJSC - WE LIVE BY OUR WORD Dr. Al Jaber is Chairman of the Board of Trustees of the Mohamed bin Zayed University of Artificial Intelligence, the Worlds first graduate-level, research based AI University. In a short span of time, the EIA has uniquely positioned itself to become an invaluable partner for significant world-class investment opportunities locally, regionally and internationally. The Board Secretariat actively engages with the Chairman, Committee Chairman and management to ensure that agendas are appropriate and meetings are effective. Mohammed Habroush Al Suwaidi H.E. Mishal Kanoo tries to help people reach their professional dreams. The Abu Dhabi Investment Council is an investment arm of the Government of Abu Dhabi. H.E. Even today, investment in short-term paper remains the strategy for the vast majority of countries. Abu Dhabi Investment Authority (ADIA) is a public institution established in 1976 by the Government of the Emirate of Abu Dhabi as an independent government investment institution. Sheikh Mansour Bin Zayed Al Nahyan heads the Board of Directors which is responsible for overseeing the affairs of the Emirates Investment Authority. The $7 billion investment in Citigroup has lost approximately 90% of its value as of 26 November 2009, 2 years after it acquired a sizable stake in the bank. He was previously elected by ADCB shareholders to join the ADCB Board of Directors in March 2009 and was re-elected by the ADCB shareholders to join the ADCB Board of Directors in 2022. FAB's Board of Directors have huge and various experiences in different fields and domains giving the bank a strong stand. H.E. Number of Board Member and Advisor Profiles 3. The Group Chief Internal Auditor functionally reports to the Audit Committee and to the Group Chief Executive Officer on administrative and day-to-day matters. [12] ADIA also invests in development projects including malls. [7], ADIA manages a substantial amount of capital, and is one of the world's largest investment funds. Previously, she was Vice-Chairperson of Aldar Properties and Invest AD. Number of Exits 23. In addition, the Board Secretariat works with various external providers to source suitable tailored training sessions. Al Hussaini holds a Masters degree in International Business from Webster University in Geneva, Switzerland. Khalid Deemas Alsuwaidi was appointed by Abu Dhabi Investment Council (ADIC) to join the ADCB Board of Directors in March 2009. Internal controls are designed to ensure that adequate independent internal checks and balances exist in keeping with the maker-checker or four-eye principle and that the oversight roles are embedded in areas reporting independently to non-originating areas. These investment departments, which invest across multiple geographies, have discretion over the origination and recommendation of investment proposals. Sheikh Zayed was appointed as a Director of ADCB in 2021, having had gained experience working at the National Bank of Abu Dhabi and Morgan Stanley. The Board of Directors is responsible for Mubadala's strategic direction, oversight and corporate governance, ensuring the business delivers on the government of Abu Dhabi's development and diversification priorities. Reporting to H.H., the Managing Director his current responsibilities at ADIA include asset allocation, portfolio management and strategic decisions. As a result of regular written declarations submitted by each of the Board Members, the Board maintains satisfactionthat the other commitments of the Directors do not conflict with their duties, or that, where conflicts may arise, the Board is sufficiently aware and appropriate policies are in place to minimise the risks. Click here for Terms of Reference for the Board of Directors. His dedication to advancing the United Arab Emirates has been demonstrated through numerous director and chairman roles in major financial institutions and government bodies: Chairperson of the Board of UAE Central Bank, Chairperson of the National Bank of Abu Dhabi, Member of the Supreme Petroleum Council, Board Member of ADIA, Chairman of Abu Dhabi National Insurance Company, Member of Allianz International Advisory Board and Chairperson of the Arab Banking Corporation. In 2013 Dr. Al Jaber was appointed an honorary Commander of the Most Excellent Order of the British Empire (CBE) by Her Majesty Queen Elizabeth II. He has led several strategic transformation projects, developing high performance businesses to achieve sustainable growth. Reporting to H.H., the Managing Director his current responsibilities at ADIA include. They are appointed by Emiri decree. Carlos Obeid is the Group Chief Financial Officer of Mubadala Investment Company PJSC and is responsible for managing the organisations Business Finance including Treasury and Investor Relations, Financial Planning and Business Performance, and Financial Governance and Reporting. [5] The goal was to invest the Abu Dhabi government's surpluses across various asset classes, with low risk. Monitoring by the Central Bank is undertaken by way of regular inspections of banks and their records and the requirement for regular submission of data including credit data and anti-money laundering measures. Where a Director is interested, the interested Director neither participates in the discussions nor votes on such matters. Where Abu Dhabi Investment Council intends to appoint a new Director, it is required to consult with the Committee in advance of such appointment. To facilitate this role, the Board Secretariat has full visibility of all management committees and activities. ADIA's mission is to sustain the long-term prosperity of Abu Dhabi by prudently growing capital through a disciplined investment process and committed people who reflect ADIA's cultural values. Board of Directors - ADIA Director at Global Finance & Capital Ltd. Board Member of United Capital (ex UBA Capital). Board of Directors | Abu Dhabi Finance P.P.C Eissa Al Suwaidi holds the post of Chief Executive Officer at Abu Dhabi Investment Council, United Arab Emirates. Dr. Sultan Ahmed Al Jaber is a member of the UAE Federal Cabinet, Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi Nati. Dr. Al Jaber has initiated a program of increased efficiencies, strengthened ADNOCs overall performance and fostered a more commercial mindset. The roles of the Chairman and the GCEO are separate and each is held by a suitably experienced individual. PDF Report and Recommendation of the President to the Board of Directors Copyright 2023 ADCB. In this role, he oversees platform-wide activities, supports the delivery of the platforms investment strategy, manages the platforms capital allocation, ensures the successful implementation of capital deployment and monetization transactions and assesses value, risks and expected returns. Governance - ADIA ABU DHABI, H.H. [2][3][4], In 1967, Abu Dhabi emirate created the Financial Investments Board which operated within its Department of Finance and was responsible for managing the Emirate's excess oil revenues. Kaltham is a graduate of the American University in Dubai, specializing in Business Administration. Through strategic investments, AD Ports has grown to become a full service transportation hub, leveraging Abu Dhabis location at the nexus of three continents, and making significant contributions to the UAEs economy and diversification efforts. Kanoo has been investing on a personal and company level since 1991. in Economics. Any Candidate for appointment as a Director must be pre-approved by the UAE Central Bank. All audits are conducted in accordance with the annual audit plan, which is approved by the Audit Committee, and which may be broadened, as circumstances require. Saeed Mubarak Al Hajeri - Vice Chairman Chairman of Abu Dhabi National Energy Company, Executive Director & Member of Strategy Committee at Abu Dhabi Investment Authority and Member of the Editorial Advisory Board of MSCI Barra. ADIA's Board of Directors is responsible for setting ADIA's strategy and risk-return parameters and meets periodically to review its performance. Abu Dhabi Investment Authority (ADIA) - Investopedia The core mandate of the ministry is to increase industrial competitiveness and help drive economic growth by catalyzing the diversification of the UAEs economy. This enabled us to assume the dual roles of a trusted advisor to the Federal Government as well as a highly efficient and capable investment manager of the UAEs sovereign wealth.
abu dhabi investment authority board of directors