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Mostly, the directors are elected by the shareholders and they in turn elect the Managing Director. Generali's No.3 investor Caltagirone withholds backing for 2022 accounts -sources, Musk says Tesla likely to launch full self-drive technology 'this year', Exclusive: JPMorgan employees gripe about Dimon's return-to-office edict, SpaceX rocket explosion illustrates Elon Musk's 'successful failure' formula, Cucinelli posts 33% rise in Q1 sales, confirms 2023 revenue growth forecast, Exclusive-Peter Thiel, Republican megadonor, won't fund candidates in 2024 - sources, Virginia Governor Youngkin 'humbled' by talk of possible presidential run, European Midday Briefing: Mood Brighter After -2-, Tim Cook unveils new Apple store in India, Morgan Stanley's dealmaking CEO Gorman signals more transactions to come. After lengthy conversation, the Board opted to table the proposal for further study which would I understand that it may affect my rights. [1], Since its founding in 2007,[2] the Dubai-based conglomerate has launched several projects in multiple sectors including real estate, retail, hospitality, food and beverage, leisure and entertainment and healthcare. As of 2020, Meraas was reportedly due to become a subsidiary of Dubai Holding. Chairman of Aman (Dubai Islamic Insurance Company) during the period of 2002-2008 The development has been designed by Italian architect Antonio Citterio and is one of only six Bvlgari branded residences globally. He is a member of the Executive Council of Dubai, a member of the Board of Directors of the Investment Corporation of Dubai, and the Director-General of the Dubai World Trade Centre Authority (DWTCA). Huda is a graduate of the Executive Leadership Programme, INSEAD UAE, and holds a Masters in Organisational Excellence with Honours from Bradford University, UK, and a Bachelors in Business Administration from the Higher Colleges of Technology, Dubai. Chairman of the Federal Civil Aviation Authority Dubai property company Meraas, which owns more than half of DXB Entertainments, intends to make a conditional offer to acquire the remaining shares in the loss-making theme park group and take it. We use cookies to make sure you get the best experience on our website. Dr Maha Barakat is the Director General of the Frontline Heroes Office and a Senior Advisor at Mubadala. Musabbeh is the Chief Executive Officer of Mubadalas UAE Investments platform. Due to legal restrictions, viewing this information is not allowed if you are resident in the United States or any other country that renders the accessing of such documents and information unlawful, whether or not subject to making certain notifications or taking of other action. Nasser holds a Bachelors in Business Administration from the University of South Carolina, USA, and is a graduate of INSEADs International Directors Programme. March 24, 2023 Meraas launches Design Quarter at d3, offering first homes in the region's creative capital July 29, 2020 Discover contemporary 3D art murals, live pendulum paintings and more at City Walk July 18, 2020 China and UAE Set to Step up Trade, People-to-People Synergies in the Transition to a Digital Economy June 15, 2020 BOURSA KUWAIT SECURITIES COMPANY K.P.S.C. Senior Airport Coordinator, then Vice President Operations at Dubai Civil Aviation Authority during the period of 1988 1991 Chairman of The UAE SME Council A keen sportsman, Mr Alabbar is an active member of the UAEs endurance horse racing community. This division manages Dubai Parks and Resorts, Rove Hotels, Dubai Hills Estate, Dubai Water Canal, Caesars Bluewaters Dubai and Dubai Cruise Terminal. Eman has been instrumental in leading a dynamic and proactive working practice cultural change and driving Future Skills development to reskill and build out an agile workforce that can embrace the developing digital landscape. [citation needed], Last Exit is a themed food truck concept offering "gourmet" street food. His Excellency Sultan Bin Saeed Al Mansoori has been appointed as Minister of Economy in the UAE, effective 17th of February, 2008. These events and circumstances include changes in the global, political, economic, business, competitive, market and regulatory forces, future exchange and interest rates, changes in tax rates and/or regimes and future business combinations or disposals. A board of directors (B of D) is the governing body of a company, elected by shareholders in the case of public companies to set strategy and oversee management. Projects include Port de La Mer,[4] Central Park at City Walk,[5] Cherrywoods, Bluewaters Residences, Bvlgari Residences,[6] Nikki Beach Residences and Villa Amalfi. +971 43622000 Company Meraas Karen Jones Current Workplace Karen Jones has been working as a Director, Legal at Meraas for 9 years. Hiring and firing of senior executives (especially the CEO) Establishing compensation for executives. He is also the Chairman of its Audit Committee and a member of its Investment Committee. Mr. Alabbar heads Emaars joint venture with Giorgio Armani to set up the Armani-branded luxury hotel and resort chain in key international destinations. He is on the Board of RAK Petroleum, an Oslo Brs-listed oil and gas investment company and serves as the Chairman of its Audit Committee. 57 % Independent directors on Board of Directors DELIVERING VALUE FOR OUR STAKEHOLDERS DELIVERING CONSISTENT PROGRESS At Emaar, we prioritise customers and create value for all stakeholders by providing an aspirational lifestyle beyond dreaming big. Sheikh Ahmed has been a highly successful corporate leader since 1985, when he was appointed President of the Dubai Department of Civil Aviation and Chairman of the newly-launched Emirates Airline. ShareOn Member of the Ministerial Committee for Legislation Mr Bin Thaniah is a regular speaker in the international ports and maritime conferences and is amongst few who won 3 prestigious international awards: In 2006 he won Lloyds list personality of the year. Copyright 2015 - 2023 Dubai Holding, All rights reserved. [citation needed] The properties are set over a podium that is designed to capture views of the Persian Gulf. Darsh Gallage is a Director, Operations at Meraas based in Dubai, Dubai. Board of Directors. In addition, he has driven the growth of several regional players into world-renown sector champions including Americana Group (a multibillion-dollar food business, the largest integrated food company in the Middle East) and noon.com (the leading e-commerce platform in the region). Meraas | A Dubai Based Master Developer Nad Al Sheba Gardens Phase 3 A neighbourhood designed to flow around you Learn More Design Quarter at d3 Live it Creative Learn more Jomana at Madinat Jumeirah Living Discover the urban edition Learn More Erin in Central Park at City Walk Reimagine the urban jungle Learn more Bluewaters Bay In 2001 he was appointed as a Managing Director to masterplan the development of Jebel Ali as one of the biggest terminals in the world, increasing its capacity from 20 million TEUs at that time to 50 million TEUs. Text Size. Prior to joining Dubai Holding, Omar worked as an investment banker at UBS Investment Bank, where he was responsible for the execution of a broad range of mergers, acquisitions and financing transactions with global clients. He is also a member of the Dubai World Expo 2020 Preparatory Committee. Chairman of The Emirates Authority For Standardization & Metrology Helal Almarri holds a Master of Business Administration (MBA) degree from the London Business School (LBS). As Executive Board Member Emaar Properties PJSC, Ahmad Al Matrooshi oversees the day to day operations within Emaar, including government affairs, media, public and community relations. [12], The firm's "Leisure & Entertainment" division operates entertainment destinations and venues, including the Dubai Safari. The Board of Directors of DXBE recommends to shareholders to accept the Offer and attend the General Assembly on 9 March 2021 to vote in favour of the resolutions required to implement the Offer. An inside director operates with the interest of shareholders, employees and officers in mind. Meraas is committed to creating and consistently delivering developments that strengthen Dubai's position as a global real estate investment destination of choice. Over the years he has developed world-class mixed used projects, including his retail businesses, across 20+ markets of Middle East, North & Sub Saharan Africa, Central & Eastern Europe and South & South East Asia and US. He isa board member of Eagle Hills, an Abu Dhabi-based investment and real estate development company that funds and develops large-scale projects in high-growth international markets. Before joining Emaar in November 2005, Al Matrooshi held the position of Chief Executive Officer at the government-run Dubai Development Board (DDB) for almost a decade. The park will use the latest-in-technology attractions and new-generation rides to offer a distinctly unique, high-value entertainment experience, Billed as the first theme park in the world dedicated solely to the Indian film industry, Bollywood Parks Dubai will provide a physical location for fans from across the globe to visit and celebrate the biggest names of Indian cinema and its very colorful canvas. Member of GCC Consulting Authority for Supreme council. He has been instrumental in the success of key strategic projects of the Group in the UAE and internationally, including the most extensive makeover in the history of the Carlton Tower Jumeirah in London, the retail joint venture valued at AED 5 billion with Brookfield Asset Management, and the ongoing development of Jumeirah Marsa Al Arab. The market for generative AI is anticipated to increase . Stephen J. Sadler Chairman and Chief Executive Officer. Executive Director, UAE Strategic Clusters Unit of UAE Investments Platform, Mubadala Investment Company, Head of Investments and New Initiatives, UAE Investments Platform, Mubadala. Live Nation is adding Klutch Sports Group founder and UTA 's head of sports Rich Paul to its board of directors. Sharjil Anwar is the Chief Financial Officer of Dubai Holding. Studlence Edutech Private Limited is a 8 months 28 days old, private Indian Company, registered at Greater Noida, Gautam Buddha Nagar with a paid-up capital of Rs.500000.. Find details of its financials, directors, legal cases and charges. He brings a wealth of global experience from the United States, Southeast Asia, Europe, and the Middle East, and a 30-year track record of delivering major technology change and operational excellence across diverse sectors with expertise in business and technology strategy, enterprise digital transformation and Board advisory. Slated to Open in 2016. Deputy Director-General Dubai Chamber of Commerce & Industry during the period of 1996 1998 On 9 February 2021, Meraas Leisure and Entertainment LLC ("Meraas") launched its offer ("Offer") to acquire 100% of the issued and paid-up ordinary share capital of DXB Entertainments PJSC ("DXBE"). At Citibank, Huda launched several first-of-their-kind initiatives, including widely acclaimed ones such as online and mobile banking services. During his tenure, he worked on numerous projects and is currently accountable for over 50 property assets in the UAE. [35], Dubai Cruise Terminal located in Dubai Harbour, will include two cruise terminals, capable of accommodating up to three cruise ships concurrently and up to 13,200 passengers. In that position Mr. Sadler took the company from receivership in 1987 and grew the company by acquisition into . Presently, Osama Abdullah Khaled Al-Ayoub occupies the position of Chief Executive Officer for Meraas Holding LLC and Senior Advisor at Rhne Capital LLC. April 30, 2023. ], Spanning over 1.1 million square feet, Kite Beach features a 14-kilometre running track as well as a retail outlets and eateries. Edward founded the legal function of the Meraas Group where he was the Chief Legal Officer and also the General Legal Advisor at the Engineering Office, a post he held from 2008. Mr. Alabbar sits on the board of Noor Investment Group, an affiliate of Dubai Group, the leading diversified financial company of Dubai Holding. HH Sheikh Ahmed Bin Saeed Al Maktoum is the Chairman of Dubai Holding and has been at the forefront of Dubais remarkable economic development for more than 25 years. Creativity is the corner stone of our design philosophy, and we strive to have this valuable characteristic reflect in our communities. He is also the Chief Executive Officer of API Hotels and Resorts and works with Accor and IHG. [citation needed] The destination hosts community art fairs and markets, sports tournaments and races. Accepted file types: jpg, jpeg, png, pdf, Max. Revlon is expected to emerge from bankruptcy with $2.7 billion less debt. Such forward-looking statements should therefore be construed in the light of such factors. He also played a pivotal role in the successful listing of TECOM Group and Empower on the Dubai Financial Market in 2022. The board meets regularly to provide direction to the senior management team and set the CMA strategic direction. Amit holds a Master of Philosophy degree in Finance from the University of Cambridge and a BSc (First Class Hons.) Under the terms of the Offer, holders of shares in DXBE will be entitled to receive AED 0.08 in cash for each DXBE share they hold. The forward-looking statements contained in such documents relate to DXBEs future prospects, developments and business strategies, expectations in relation to the timing of the Offer and other statements that are not historical facts. He also lectured for the Chartered Institute of Arbitrators. In Sep 2017, Mr Bin Thaniah was elected as a nonexecutive board member of Emaar the Economic City. First handover to residents was announced in February 2018. He is a Chartered Arbitrator and fellow of the Chartered Institute of Arbitrators; he is on the panel of some of the leading arbitration centres including the London Court of International Arbitration (LCIA), the LCIA DIFC Arbitration Centre, the Dubai International Arbitration Centre and the Singapore International Arbitration Centre. Jamal Majid Bin Thaniah is the Co-Founder of DP World, the 4th largest port operator in the world with a capacity of 100 Million TEUs in the year 2006; DPI concluded the acquisition of P&O Ports to become the 3rd largest port operator in the world and DPW was created to become a real international port operator company worth USD 22 billion. He is a graduate of the Government Leaders Program, a component of the Mohammed bin Rashid Program for Leadership Development. His role entails enhancing Dubais positioning as the preferred international hub for the global business community to network from, establish and expand their presence in, and service the broad range of markets across EMEASA. He has been Chief Financial Officer since 2015 and was elected Vice Chair in 2019. Mr Bin Thaniah joined Port Rashid in October 1981 and progressed through the management until May 1991 when the Dubai government merged port Rashid with Jebel Ali port under Dubai Ports Authority (DPA). This website contains information on the Offer. [21], Central Park at City Walk is a residential neighbourhood which will[speculation?] He is a former member of the Board of Emaar, The Economic City and its Nomination & Remuneration Committee. Prior to his current role at Dubai Holding, Aldrin was with Jumeirah Group as Chief Internal Audit Officer as well as at PricewaterhouseCoopers working in Australia, Papua New Guinea and the UAE. Al Matrooshi is the Chairman of Emrill Services LLC; Vice-Chairman of Emaar Malls PJSC, member of the Consultation Committee for the Dubai Supreme Council of Energy, a member of the Committee at UAE Council of UAE companies invested abroad. Mr Buti Obaid Almulla is Chairman of Mohamad and Obaid Almulla Group, a Dubai-based family-owned business launched in 1942, and a market leader in key strategic economic sectors: Hospitality, Healthcare & Pharmaceuticals, Real Estate, Travel & Tourism and Investments. Subscribe and follow. [33], Launched in September 2016, The Outlet Village is an indoor retail destination. [32], Pearl Jumeira is home to Nikki Beach Resort and Spa Dubai that opened its doors on December 20[when?] Eng. [citation needed], In December 2013, Meraas launched City Walk,[28] an open-air lifestyle destination, spanning an area of more than 10 million square feet.