Kippreport looks into the new trend and the change in strategyNovember 29, 2015 5:01
The head of operations at investment firm Dubai Holding, Fadel al-Ali's portfolio and contact list run quite long.
December 12, 2009 3:44 by kippreport
Even as government–owned Dubai World is currently restructuring $26 billion of debt, analysts have said that the Dubai Holding could be “next in line” to restructure its debt. If that’s true, Ali, the executive chairman of Operations at the company, will have a big task at hand. According to reports, Dubai Holding has $2 billion of debt maturing next year and another $2 billion in 2011.
Ali joined Dubai Holding in 2004 as the chief financial officer, and went on to become the chief operating officer a year later. Apart from Dubai Holding, he is also on the board of many of its entities including the Jumeirah Group, Sama Dubai, Dubai International Capital Group, Dubai Group and Dubai First.
Ali, who has previously worked with Citibank, was also appointed as the non-executive chairman of Dubai Bank in 2008. He also serves on the board of directors at Borse Dubai, the Dubai Mercantile Exchange, Bank Islam in Malaysia and National Bonds.
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