Dubai-UAE - Wednesday, June 27th 2012 [ME NewsWire]
Dubai Holding, a global investment holding company, announced today the
establishment of the Board of Directors for TECOM Investments (TECOM),
which owns and operates several free trade zones to support
knowledge-based industries. This move is in continuation of Dubai
Holding’s efforts to further strengthen corporate governance at its
entities.
Dubai Holding’s Corporate Governance model constitutes of three
independent non-executive directors and two executive directors. The
Board will be responsible for defining the investment philosophy,
setting long-term business strategy and overseeing implementation;
ensuring adequacy of internal controls and strategic risk management.
Ahmad Bin Byat, Chief Executive Officer of Dubai Holding, said:
“Strengthened corporate governance forms a key pillar of Dubai Holding’s
strategic guidelines. In accordance with international best practices,
Dubai Holding is pleased to announce the appointment of a strong and
experienced board for TECOM. We are confident that with such solid
governance framework, TECOM will continue to further build on its
success.”
Abdullah Sharafi, President, Gerab National Enterprises, has been named
as the Chairman of the Board. Other members are Arif Alharmi, Chief
Executive Officer, Amlak Finance; Ayesha Sultan, Director Corporate
Strategy, DP World; Adrian Bradley, Chief Financial Officer, Jumeirah
Group; and Abdullatif AlMulla, Group Chief Executive Officer, TECOM.
TECOM Investments' largest portfolio companies is "TECOM Business
Parks", comprising 10 business parks under five industry clusters across
the information and communication technology (ICT), media, education,
sciences, as well as manufacturing and logistics sectors. The free zones
are home to over 4,500 companies, including major multinationals and
many Fortune 500 companies. TECOM Investments interests also include
exclusive investments in high-growth sectors as well as 'pure play'
businesses.
Following the establishment of the board, committees for Audit and Risk,
Executive Human Capital, and Investment & Allocation will be formed
for TECOM.
TECOM Investments Board Members
Abdullah Sharafi, Independent Chairman
Abdullah Sharafi is President of Gerab National Enterprises LLC. He has
vast banking and entrepreneurial experience and a solid knowledge base
in monetary and applied economics. Mr. Sharafi’s distinguished career
started at the Emirates Industrial Bank where he worked and lead various
departments for over 21 years. Presently he Chairs the Board of
Directors at Acacia Investments BSC in Bahrain, and is a Board Director
at Dubai International Capital LLC, Bank Islam Malaysia Berhad, and
Takaful Re Limited.
Arif Alharmi, Independent Director
Arif Alharmi is Chief Executive Officer of Amlak Finance PJSC. In
addition, he is Chairman of the Board of Amlak Finance Egypt and EFS
Financial Services. He is also member of the board of Awqaf and Minors
Affair Foundation. Arif has a wealth of knowledge and experience of over
20 years in leadership roles at leading international financial
institutions including HSBC and ABN AMRO. His contribution to the
Regional Mortgage Finance industry has been acknowledged with the CEO
Middle East Award by ITP in 2008.
Ayesha Sultan, Independent Director
Ayesha Sultan is the Director of Corporate Strategy at DP World. She
joined DP World in 2004, and has since held senior positions in Business
Development and Corporate Strategy, where her principal roles have
included sourcing and acquiring new investments and formulating and
implementing strategy. Prior to working with DP World, Ms. Sultan worked
with PA Consulting Group in the UK and France. Ms. Sultan holds an MSc.
in Operational Research and BSc. in Mathematics and French from the
University of Southampton, UK. She has completed the Dubai World
Leadership Program with Wharton University, USA in 2009.
Adrian Bradley, Executive Director
Adrian Bradley is the Chief Financial Officer of Jumeirah Group. Prior
to joining Jumeirah, Mr. Bradley worked with London & Regional
Hotels, following an 11-year career at Hilton and an early career at
PepsiCo and Millicom. Mr. Bradley is a member of the UK’s Institute of
Chartered Accountants.
Abdullatif AlMulla, Executive Director
Mr. AlMulla is a successful business leader with track record spanning
over 17 years of which 7 years in top leadership position with TECOM
Investments as the Group CEO as well as Vice-Chairman. Earlier he has
worked as General Manager – South Gulf (UAE, Oman, Yemen & Pakistan)
for Microsoft.
Mr. AlMulla is a board member of several prominent companies and
educational Institutions such as Axiom, Smart City Kochi, Empower, Borse
Dubai, EMS, NexGen, Hamdan Bin Mohammed e-University, American
University in the Emirates and Bank Muscat.
ABOUT DUBAI HOLDING
Dubai Holding is a global investment holding company that develops and
manages an extensive portfolio of companies focused on investments,
financial services, real estate, specialised business parks,
telecommunications and hospitality.
Dubai Holding is managed through two business groups:
Dubai Holding Commercial Operations Group (DHCOG) develops and manages
world-class commercial and residential real estate, telecommunications
and hospitality investments. DHCOG’s four operating units are:
TECOM Investments, the developer and manager of signature business
parks, creates tax-advantaged environments for companies to establish
and grow. TECOM Business Parks have made Dubai the location of choice
for companies ranging from global brands to fast-growing start-ups
attracted by the unique offerings to their industry sectors.
Dubai Properties Group develops and manages mixed-use real estate
projects, including Business Bay, Jumeirah Beach Residence and Shooroq
Mirdif, to achieve long-term value in the rapidly changing property
market.
Jumeirah Group is an operator of world-class hotels and destination
resorts, including the iconic Burj Al Arab hotel in Dubai. Jumeirah
hotels and resorts have grown into destinations of distinction for the
world’s most demanding travellers.
Emirates International Telecommunications actively manages a portfolio
of telecom assets regionally and globally such as du, Axiom and
Interoute.
Dubai Holding Investment Group (DHIG) manages Dubai Holding’s financial
assets in banking, insurance and private equity. DHIG’s businesses
include:
Dubai Group: A diversified financial services company, focusing on banking, investments and insurance in developing markets.
Dubai International Capital: A private equity company with an investment focus on Middle the East and Europe.
For more information, please visit www.dubaiholding.com
Contacts
Huda Buhumaid
Head of Communications
Dubai Holding
Mob:+97150 650 7704
huda.buhumaid@dubaiholding.com
Zeba Ahmed
APCO Worldwide (JIWIN Public Relations)
Tel: +971 4 3613590
Mob: +971 50 4942989
Email:zahmad@apcoworldwide.com
تم إعلان المواطن الإماراتي المقيم في إمارة الشارقة السيد جاسم محمد العلي، فائزاً بالجائزة الكبرى المقدمة من قبل "كلودي راك"، وهي سيارة "نيسان صني" حديثة موديل 2012.
