The scope of the audit is agreed between the Audit Committee and the auditor. Our Objectives - EIA 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 MSc International Securities Investment and Banking (University of Reading, UK)
Each asset class has its own fund managers and in-house analysts covering it.
Descendant of Bin Aweidha Family which played prominent role in founding UAE Politically and Economically. The Committee has agreed a list of skill requirements necessary for the proper functioning of the Board as a whole. She is an integral part of the team responsible for . An external auditor is appointed annually by shareholders on the recommendation of the Board of Directors. 4 of 2007 as amended by Federal Decree Law No. ADCB has implemented a Directors' conflicts of interest policy. The Managing Director chairs the Investment Committee, which includes among its members the Executive Directors of all investment departments. The Board Secretariat actively engages with the Chairman, Committee Chairman and management to ensure that agendas are appropriate and meetings are effective. The excitement of helping others achieve their goals, both big or small, is what drives him. H.E. We also significantly expanded the international scope and reach of our investment portfolio and further developed our internal guidelines, operations, institutional functions and architecture. Hareb Al Darmaki Joined the Abu Dhabi Investment Authority in June 1976 as Director, Bond & Equity Department. Khalid Deemas Alsuwaidi was appointed by Abu Dhabi Investment Council (ADIC) to join the ADCB Board of Directors in March 2009. 2023 PitchBook. Mr. Quarta graduated from the College of the Holy Cross. ADIA Lab announces Advisory Board, academic collaborations and The Chairman's main responsibilities include: The day to day management of the Bank has been delegated by the Board to the GCEO and the senior management team. 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. Telephone: +97124190000 PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi United Arab Emirates . Air Arabia Abu Dhabi - Wikipedia In 2009 he led Masdars efforts in the UAEs successful bid to host the headquarters of the International Renewable Energy Agency (IRENA). Phone Number (971) 241-5000. Mr. Al Darmaki joined Abu Dhabi Investment Authority (ADIA) in 1976 as Director, Bond & Equity department. In the context of strengthening cooperation between AAAID and Abu Dhabi Chamber of Commerce and Industry, a memorandum of understanding was signed that aimed Before his current position, Saeed Almazrouei was Deputy Chief Financial Officer at Mubadala Investment Company PJSC, where he oversaw the group-wide finance function and delivery of the companys growth strategy, supporting various acquisitive transactions and asset monetizations. In the year 2005, Abu Dhabi Investment Company purchased 51 percent of shares of Massar (Company) from Abu Dhabi Power Corporation, a subsidiary of Abu Dhabi Water & Electricity Authority. MSc Business Administration (INSEAD)
Prior to his appointment, H.E. H.E Mohamed Hassan Alsuwaidi. Aysha Al Hallami does not hold any external directorships. . In addition, Mr. Quarta is chairman of WPP plc and Smith & Nephew plc. Its board of directors, which is made up of members nominated by the two companies, is responsible for directing the company's independent strategy and developing its business. G42 is oriented to development of AI industries in the government sector, healthcare, finance, oil and gas, aviation and hospitality. The majority of the Directors are UAE nationals, as per the requirements of the Federal Commercial Companies Law and the Bank's articles of association. Dr. Al Jaber served as Chairman of the UAE National Media Council from 2015 to 2020, where he led an organizational and governance restructure, while guiding the media sectors development as a responsive and responsible contributor to news and knowledge sharing in the digital and social media age. Mr. Al Darmaki joined Abu Dhabi Investment Authority (ADIA) in 1976 as Director, Bond & Equity department. 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. Mr. Al Darmaki is a member of the Investment, Strategy and Alpha Committees at ADIA. Click here for Terms of Reference for the Board of Directors. Copyright 2023 ADCB. Board of Directors | Abu Dhabi Investment Council The Abu Dhabi Investment Council is an investment arm of the Government of Abu Dhabi. In addition, he also served as Chairman of Waha Investment PrJSC, Waha Land LLC and Anglo Arabian Healthcare LLC). Since January 2006, he has been the Chairman of Orient House for Development & Construction LLC. Amongst other things, the Committee will consider whether the skills held by the candidate Director are suitable. Kaltham is a graduate of the American University in Dubai, specializing in Business Administration. 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). Group 42 is an artificial intelligence and cloud computing company that was founded in Abu Dhabi, United Arab Emirates in 2018. Please refer to ADCBs annual report for further details on Directors remuneration. It will be backed by a major commitment from the Authority. Sheikh Zayed does not hold any external directorships. As Chairman of the Board, H.H. Board Of Directors - Abu Dhabi Pension Fund [6] At the time it was novel for a government to invest its reserves in anything other than gold or short-term credit. 1996)", Sovereign Wealth Fund Institute Abu Dhabi Investment Authority, https://en.wikipedia.org/w/index.php?title=Abu_Dhabi_Investment_Authority&oldid=1141187949, Mohammed Habroush Al Suwaidi, Head of the Department of Finance (Abu Dhabi), Hamad Mohammed Al Hurr Al Suwaidi, Head of the Department of Finance (Abu Dhabi), Ghanim Faris Ghanim Ateish Al Mazrui, former financial advisor to Sheikh, This page was last edited on 23 February 2023, at 20:27. Board of Directors Members and Their Duties | AD Ports Group The Board Secretariat assists the management by helping them to understand the requirements and directions of the Board and proactively facilitates the governance of the Bank. H.E. However, ADIA's ratio of third-party fund managers is being actively managed. His Excellency holds a PhD in Economics from Imperial College, London. Executive Trainer and Life Coach, Prudential Real Estate, and Relocation, USA. 13 of 2009. The Central Bank the Central Bank provides prudential supervision of banking activities. 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. The Abu Dhabi Investment Authority (Arabic: , ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi (in the United Arab Emirates) founded for the purpose of investing funds on behalf of the Government of the Emirate of Abu Dhabi. All rights reserved. In keeping with the Bank's principles of transparency, Directors may use the iPad application to view and access all documents presented to the Bank's management committees, as well as minutes of meetings of those committees. Abu Dhabi Investment Authority's new research centre makes its debut ADIA does not seek to manage or take an operational role in the companies in which it invests. In addition, he serves as a member of the Board Directors in Emirates Investment Authority. 13 of 2009. . Abu Dhabi Investment Authority - Investments, Portfolio & Company Exits 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. Any additional work proposed to be performed by the external auditor is reviewed by and approved by the Audit Committee on an item-by-item basis. ABU DHABI, Under the patronage of H.H. Executive Director of the Institute of Multi-Cultural Studies, University of Denver, Colo, USA. The Banks internal controls over financial reporting include policies and procedures that (i) are designed to ensure maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Bank; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles, and that receipts and expenditures of the Bank are being made only in accordance with authorizations of management and directors of the Bank; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Banks assets that could have a material effect on the financial statements. Get the full list, Youre viewing 5 of 98 team members. Previously, Dr Bin Hendi was the Director General of the Abu Dhabi Investment Office (ADIO) since October 2019. Beginning his career at the Abu Dhabi National Oil Company, H.E. The board members currently serve for a period of three years, and can be renewed. She is also a CFA and CAIA charter holder.
Any proposals for changes are considered by the Nomination, Compensation, HR & Governance Committee prior to obtaining Board and, if necessary, shareholder approvals. Its primary directive is to manage the sovereign wealth of the UAE by investing in a diversified portfolio of assets in key economic sectors and industries with the aim of delivering sustained financial gains for the UAE. Board of Directors - Gulf Capital H.E. [11], Today ADIA invests in all the international markets equities, fixed income and treasury, infrastructure, real estate, private equity and alternatives (hedge funds and commodity trading advisers CTAs). Aysha Al Hallami was elected by Abu Dhabi Investment Council to join the ADCB Board of Directors in April 2013. Dr. Al Jaber has previously served on the United Nations Secretary Generals High Level Group on Sustainable Energy for All. It manages the Emirate's excess oil reserves and is estimated to manage $790 billion. The Board monitors the performance of the Bank's businesses and guides and supervises the Bank's management. Sheikh Mansour Bin Zayed Al Nahyan is the Deputy Prime Minister and Minister of Presidential Affairs of the UAE. 2023 Gulf Capital. He was the Secretary General of the UAE Cabinet since 2017, during which he was instrumental in strengthening the interdependence between the federal and local governments. Air Arabia Abu Dhabi is Etihad Airways' first major investment, a change from its long-held relationship strategy of airline equity partnerships. 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. Chief Financial Officer, Private Equities Department, Youre viewing 5 of 29 commitments. The Board has adopted a rolling agenda to ensure that each of its responsibilities is satisfied on a periodic basis, and considers other agenda items on an 'as required' basis. PO Box 3235, International Tower, ADNEC Capital Centre, Abu Dhabi
H.E. Board Of Directors - EIA H.H. Listen to the content of the page by clicking on listen below CHAIRMAN (INDEPENDENT, NON-EXECUTIVE DIRECTOR). BSc Computer Information Systems (Bethune Cookman College, USA). The fund manages a diversified global investment portfolio across more than two dozen asset classes and sub-categories, including quoted equities, fixed income, real estate, private equity, alternatives, and infrastructure. In 2006, between 70% and 80% of the organization's assets were managed outside with an aim to bring that down to between 60% and 70%. MSc Finance & Banking (Cass Business School, City University, UK)
Win whats next. The most relevant comments from the evaluation are presented to the Board, in the form of an action list, and its implementation is monitored by the Board's Nomination, Compensation, HR & Governance Committee.