Abu Dhabi Investment Council
From Taighde
| Abu Dhabi Investment Council | |
|---|---|
| Country: | United Arab Emirates
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| Chairman: | Sheikh Khalifa bin Zayed Al Nahyan
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| Based in: | Abu Dhabi
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| Inception: | 2006
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| Assets: | $250 billion
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| Website: | http://www.adcouncil.ae/
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| Reports | Sovereign Wealth Funds Contact and Information Report |
The Abu Dhabi Investment Council is the governing authority on internal and external investments in Abu Dhabi. The Council was created in June 2006. The Abu Dhabi Investment Authority's shares in the National Bank of Abu Dhabi, the Abu Dhabi Commercial Bank, and the Abu Dhabi Investment Company (ADIC), later renamed Invest AD, were transferred to it. Its focus is on national and regional investments. The Council plays a key role in coordinating and observing the investments made by state-owned enterprises and holding firms. The President of the United Arab Emirates and the Emir of Abu Dhabi, Sheikh Khalifa bin Zayed Al Nahyan, is the Chairman of the Board of both the Council and ADIA. The Council, along with ADIC, offers guidance on possible investments. We believe that the Council is made aware of almost all investments made by the other firms before they occur. There is no basis in law for this, but it has become the accepted practice.
The council has only made investments in the Middle East and Africa but starting in the fall of 2008, it is planned that it will make more investments in Europe and Japan.
It is believe that that council has between $200 to $300 billion, but is a bit unclear on the exact amount due to structure of investment holdings within the Abu Dhabi government.
The Government of Abu Dhabi can draw funds from the ADIC at any time to meet short-term needs. It is expected that the Abu Dhabi government will request funds to fill the 2010 budget deficit. The government will also request funds from the Abu Dhabi Investment Authority.
Contents |
Key Personnel
Board of Directors
| Khalifa bin Zayed Al Nahyan | Chairman |
| Mohammed bin Zayed Al Nahyan | Director |
| Sultan bin Zayed Al Nahyan | Director |
| Hamid bin Zayed Al Nahyan | Director |
| Mansour bin Zayed Al Nahyan | Director |
| Mohammed Habroush Al Suwaidi | Director |
| Khalifa Mohammed Al Kindi | Director |
| Younis Hajji Khoori | Director |
Senior Management
| Khalifa Mohammed Al Kindi | Managing Director |
| Khalifa Sultan Al Suwaidi | Executive Director, Direct Investments |
| Salem Al Amiri | Executive Director, Private Equity |
| Issam Al Suwaidi | Executive Director, Equity and Fixed Income |
| Hashem Al Qudsi | Executive Director, Active Investment Strategy |
Investments
Al Hilal Islamic Bank UAE 100.00%
Abu Dhabi Investment Company UAE 97.90%
National Bank of Abu Dhabi UAE 73.00%
Abu Dhabi Commercial Bank UAE 64.84%
Abu Dhabi Aviation UAE 30.00%
Abu Dhabi National Insurance Company UAE 23.80%
Al Ain Ahlia Insurance Company UAE 19.70%
Abu Dhabi National Hotels Company UAE 17.50%
Emirates Insurance Company UAE 12.00%
Abu Dhabi Islamic Bank UAE 10.00%
Union National Bank UAE 10.00%
Office Locations
Silver Tower
Corniche Street
P.O. Box 61999
Abu Dhabi
United Arab Emirates
Tel: +971 2-611-5555 +971 2-627-7900 +971 2-626-2266
Fax: +971 2-611-5500
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