The appointments were announced by Soud Ba'alawy, Executive Chairman of Dubai Group, Dubai Holding's first financial conglomerate. Ba'alawy was formerly CEO of the Dubai Investment Group (DIG).
Dubai Group, which will operate at regional and global levels, will have three subsidiaries: the existing Dubai Investment Group and two new entities, Capita Investment Group and Noor Investment Group.
Abdulhakeem Kamkar is promoted to the position of CEO of Dubai Investment Group while Mustafa Farid is promoted to the position of CEO of Capita Investment Group. Hussein Al Qemzi will take up the position of Group CEO of Noor Investment Group.
In addition to Ba'alawy, Dubai Group's board will consist of Fadel Al Ali, Chief Operating Officer and Chief Financial Officer, Dubai Holding; Saeed Al Muntafiq, Chief Executive Officer, Tatweer; and Dubai Investment Group board members Tom Volpe, Vernon Gollihugh, Miles Morland and Francis Finlay.
Ba'alawy said: "These key executive appointments for the subsidiaries of the recently launched Dubai Group reflect the vital role that leadership plays in achieving strategic objectives.
"Dubai Group is committed to becoming a world class competitive financial conglomerate, maximizing wealth as well as creating a global footprint within each industry of focus. Our corporate culture is aligned with the Dubai model: built on loyalty, integrity and innovation."
Dubai Investment Group has built an impressive track record over the past six years with a specific sector focus, including Alternatives, Financial, Industrial and Islamic. It has created a solid platform of earnings through the acquisition of profitable operating companies.
Capita Investment Group will be the investment banking arm of Dubai Group. It will provide asset management services, including private equity, brokerage and corporate advisory.
Noor Investment Group will focus purely on Islamic activities and will incorporate Commercial Banking, Investment Banking and Takaful.
Browse
related articles
Dubai Group appoints three key CEOs to head subsidiaries
- United Arab Emirates: Wednesday, January 24 - 2007 at 15:25
- PRESS RELEASE
The recently announced Dubai Group, the global financial investor of Dubai Holding, today announced the appointment of three key CEOs to head the Group's investment, banking and insurance subsidiaries.
Related stories
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Log in to request more information from Dubai Holding
Notes and media contacts
For further information please contact:Natasha Sterling
JiWin
The Public Relations Subsidiary of Dubai Press Club
Dubai Media City
Tel: +971 4 3613887
Mob: +971 50 252 8014
Fax: + 971 4 3888001
About Dubai Holding
Dubai Holding was launched to consolidate the various large scale infrastructure and investment projects in Dubai that were created over the past five years as well as research, identify and execute future major projects that will benefit the UAE and the region.
The company has been created with the goal of providing a better future for all - across the range of life-improving industries it is involved in. Each of the Dubai Holding operating companies focuses on key areas which will dynamically support the development of Dubai as a world leading hub for commerce, leisure and finance, in turn driving these companies to become leaders in their respective fields in the Middle East and beyond.
Dubai Holding currently has 19 companies operating in 11 sectors ranging from health, technology, finance, real estate, education, tourism, energy, communication, industry, biotechnology and hospitality.
These companies include: Dubai Internet City, Dubai Media City, Dubai Healthcare City, Dubailand, Dubai International Capital, Dubai Industrial City, Dubai Properties, Sama Dubai, Dubai Investment Group, Dubai Energy, Dubai Knowledge Village, Dubai Outsource Zone, International Media Production Zone, E-Hosting Datafort, Empower, Jumeirah Group, Dubiotech and Dubai Studio City.
Posted by Anne-Birte Stensgaard, Senior News EditorWednesday, January 24 - 2007 at 15:25 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Tue May 01 2007.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds