The Board of Directors

Vice President and Prime Minister of the UAE and Ruler of Dubai, Chairman

H.H. Sheikh Mohammed bin Rashid Al Maktoum


H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum – Crown Prince of Dubai and Chairman of Dubai Executive Council


H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum – Deputy Ruler of Dubai


H.H. Sheikh Ahmed bin Saeed Al Maktoum

Executive Director & CEO

H.E. Mohammed I. Al Shaibani

Corporate Governance

We balance discipline and accountability with boldness and innovation. At ICD, we consistently apply best practice governance standards to fulfil our mission to create long-term value for Dubai.

In managing Dubai’s sovereign wealth, ICD maintains autonomy in the operation of its business and the management of its portfolio investments.

Its Board of Directors comprise five members who are nominated by Emiri decree for a renewable term of three years. Where the Board is not reconstituted upon the expiry of the three years term, the members will continue to perform their duties until they are reappointed or replaced.

ICD’s portfolio companies, are managed by their respective management and supervised by their independent boards of directors. ICD is however committed to promoting efficient and effective corporate governance practices across its portfolio companies.