International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
Mohammed Ibrahim Al Shaibani
The chairman of DIB also represents Dubai’s Royal family in the UK, and his connections are spread across the region’s top businessmen.
September 15, 2008 2:58 by kippreport
As chairman of Dubai Islamic Bank (DIB) and the National Bonds Corporation, Shaibani’s portfolio is sizeable; he is also the director-general of The Ruler’s Court, heads the Investment Corporation of Dubai (ICD) as its CEO and executive director, and is on the boards of Emaar Properties, Shuaa Capital, Dubai Bank and International Humanitarian City.
He is a strategic investment planner, and represents the interests of Dubai’s ruling family in the UK as president of the Dubai Office, London.
DIB is ranked fifth among UAE banks in terms of assets and shareholder equity. Its major shareholders are the Dubai Government, with a 30 per cent stake, and it owns major chunks in mortgage lender Tamweel and property developer Deyaar.
Currently, Al Shaibani will have a lot of clearing up to do, thanks to corruption investigations in both Tamweel and Deyaar.
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