Invest AD
From Taighde
| InvestAD | |
|---|---|
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| Country: | United Arab Emirates
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| Chairman: | Khalifa Mohammed Al Kindi
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| CEO: | Abdul Rahman Omar Abdullah
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| Based in: | Abu Dhabi
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| Inception: | February 1977
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| Origin: | Oil
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| Website: | http://www.investad.ae/en/Home.aspx
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| Reports | Sovereign Wealth Funds Contact and Information Report |
Invest AD (formerly Abu Dhabi Investment Company (ADIC)) is a subsidiary of the Abu Dhabi Investment Council based in the United Arab Emirates. It was created in 1977 as Abu Dhabi Investment Company and was originally a subsidiary of the Abu Dhabi Investment Authority, until its shares were transferred to the Council in 2007. The company change its name in 2009 to Invest AD. Invest AD will soon start allowing private investors into the company.
ADIC was the first investment company in the United Arab Emirates, and is still today one of the leading financial services firms in the region. ADIC’s services include treasury services, loan syndication, equity and debt underwriting, financial advisory, asset management and brokerage across a range of asset classes, industries and geographies. Until recently, its services were available only to government clients like ADIA, ADNOC and the finance department but now it raises funds from the public too.
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Key Personnel
Board of Directors
| Khalifa Mohammed Al Kindi | Chairman |
| Nasser A. Al Sowaidi | Deputy Chairman |
| Khalifa S. Alsuwaidi | Board Member |
| Mohamed Ali A. Al Dhaheri | Board Member |
| Khalaf S. Al Dhaheri | Board Member |
| Salem Mohamed Al Ameri | Board Member |
| Hashem F. Al Kudsi |
Executive Committee
| H.E. Nasser A. Al Sowaidi | Executive Committee |
| Khalaf S. Al Dhaheri | Executive Committee |
| Khalifa S. Al Sowaidi | Executive Committee |
| Abdul Rahman O. Abdulla | Executive Committee |
| David Beau | Executive Committee |
Audit Committee
Salem Mohamed Al Ameri - Chairman
Abdirizak Ali Mohamed - Member
Saif Munakhas Al Shehhi - Member
Hussam Mustafa - Secretary
Senior Management
| Nazem Al Kudsi | Chief Executive Officer |
| Abdul Rahman Omar Abdulla | Deputy CEO |
| Chris Coombe | Chief Operations Officer |
| Anders Ljungqvist | Chief Investment Officer - Proprietary Investments |
| Paul Tuckey Real | Estate and Infrastructure |
| Biswajit Dasgupta | Treasury and Trading |
| Abbas Mohamed Abbas | Asset Management |
| Mohammed Al Hashemi | Asset Management |
| David Sanders | Asset Management |
| Samir Assaad | Private Equity |
| Serkan Kizil | Private Equity |
Investors
Government of Abu Dhabi Abu Dhabi Investment Council
Investments
| Sofitel Hurghada Red Sea | Egypt | 100.00% |
| Sofitel Sharm El Sheikh | Egypt | 100.00% |
| Joint Arab Investment Corporation | Egypt | 76.36% |
| National Financial Brokerage Company | UAE | 75.00% |
| Industrial City Cooling Company | UAE | 52.50% |
| Al Wathba Company for Central Services | UAE | 51.00% |
| Islamic Finance Consultants | Bahrain | 51.00% |
| Maar Storage Company | Netherlands Antilles | 40.00% |
| Queen Alia International Airport | Jordan | 40.00% |
| Al Jazeera Pipe Industries and Oil Services Company | Kuwait | 33.00% |
| Emirates Ship Investment Company | UAE | 32.89% |
| Oman & Emirates Investment Holding Company | Oman | 30.00% |
| Finance House | UAE | 19.99% |
| Thuraya Satellite Telecommunications Company | UAE | 15.40% |
| National Corporation for Tourism and Hotels | UAE | 5.00% |
| Abu Dhabi National Takaful Company | UAE | 4.16% |
| National Central Cooling Company | UAE | 4.00% |
| Oasis Capital Company | UAE | 2.19% |
| Aabar Energy | UAE | 1.11% |
| Airport International Group | Jordan - | |
| Manazel Real Estate Company | UAE - |
Timeline
1977–Abu Dhabi Investment Company was established by Emiri Decree on February 24, making history as the UAE’s first investment company.
1988–ADIC completes a two-year process of building its brokerage operation to provide coverage of all major international stock markets.
1994–ADIC launches the first 24-hour foreign exchange trading desk in Abu Dhabi, becoming a major participant in the global foreign exchange market.
1997–ADIC is appointed financial advisor for large deals such as the Thuraya Satellite Telecommunications Co. consortium, which provided total capital of USD 500 million. ADIC also takes a significant equity stake in the company.
1998–ADIC participates as a joint arranger-cum-underwriter in the prestigious USD 596 million debt financing for the Taweelah A2 Independent Power & Water Project.
2000 –ADIC acts as arranger and underwriter for the landmark USD 1 billion project finance deal for the Taweelah A1 Independent Power & Water Project.
2000 –ADIC participates in a USD 90 million secured term loan facility for Oasis Leasing.
2004 –ADIC acts as Lead Manager in the AED 200 million Initial Public Offering of Finance House on the ADSM to finance the establishment of the Abu Dhabi-based retail bank, in which ADIC holds a 20% stake.
2004 –ADIC acts as Lead Manager in the AED 1.5 billion Initial Public Offering of ALDAR on the ADSM to finance the establishment of the Abu Dhabi-based property developer, in which ADIC holds a 2% stake.
2005 –ADIC acts as Lead Manager in the sale by General Holding Company of 49% of the shares of Emirates Foodstuff and Mineral Company.
2005 –ADIC acts as financial advisor in the establishment of Daman, the leading provider of private healthcare insurance in Abu Dhabi Emirate.
2006 –ADIC acts as Lead Manager in an AED 857.5 million capital raising activity to finance future expansion of Arkan.
2007–ADIC celebrates its 30th anniversary and takes a new mandate, to use its decades of experience, knowledge and relationships to move from primarily proprietary investing to primarily third-party fund investments.
2007 –ADIC won a $500 million contract for 25 years to develop the queen Alia International Airport project (Amman-Jordan) as part of Aero-port De Paris consortium.
2007 -ADIC Launched its first Multi Strategy Hedge Fund for third party investors to invest in.
2009-ADIC changes its name to Invest AD.
Office Locations
National Bank of Abu Dhabi Building
Khalidiya, Tariq bin Ziad Street
P.O. Box 46309
Abu Dhabi
United Arab Emirates
Tel: +971 (0) 2 665 8100
Fax: +971 (0) 2 665 0575
Email: info@adic.ae
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