Chief Executive Officer, UAE Investments. Board Of Directors. Meraas is committed to creating and consistently delivering developments that strengthen Dubai's position as a global real estate investment destination of choice. Learn More Badr Salim Al Olama Earlier, he was Chief Leisure and Entertainment Officer at Meraas, His Excellency Abdulla Al Habbai, Chairman of Meraas Holding, said: Meraas is committed to developing new concepts to build Dubais position as one of the worlds great new cities. A graduate in Finance and Business Administration from the Seattle University in the US, Mr. Alabbar also holds an Honorary Doctorate from the University, and serves on its Board of Trustees. Regardless of the terminology, the board of directors is a group of individuals either elected or appointed to provide organizational leadership and oversight. In addition, Mr Jawa is the Chairman of Emaar Turkey and serves on Emaar Misrs board in Egypt. Copyright 2023 Meraas By Dubai Holding Real Estate. Born in 1967, Mr Almulla holds a diploma in business administration from Newberry College, Boston. Ranked second in the list of the Worlds 100 Most Powerful Arabs Leaders 2014 by Arabian Business, the leading regional business magazine, Mr. Alabbar is well-known for his pioneering role in positioning Dubai as a world-class city. Jassim, an out-of-the-box thinker and innovator, keeps himself updated by investing his time in books, current global affairs, and the market economy. Board of Directors: What It Is, What Its Role Is - Investopedia Since the announcement of the planned investment of AE D10 billion in 2012, Meraas Holding has made substantial progress towards finalizing key components and partnerships with global movie studios, construction partners and world class theme park operators for the delivery of Dubai Parks and Resorts. BOURSA KUWAIT SECURITIES COMPANY K.P.S.C. 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. [12], The firm's "Leisure & Entertainment" division operates entertainment destinations and venues, including the Dubai Safari. In addition to his position, His Excellency Sultan holds the previous positions below: He is the Vice-Chairman of Emaar Properties, the developer of global icons including Burj Khalifa and Downtown Dubai, and Chairman of its Emaar Properties Investment Committee and Risk Committee. In his capacity, Almarri is accountable for the planning, oversight, and delivery of Dubais vision and aspirational targets for the sector. State-backed Meraas plans buyout of theme park group DXB Entertainments Being trusted by and consistently honoring our promises goes hand in hand with our desire to create spectacular spaces. Sheikh Ahmed holds a number of important government positions, including as Second Vice Chairman of the Dubai Executive Council, which is responsible for formulating policies and strategies for the Emirate of Dubai, Chairman of the Dubai Supreme Fiscal Committee, member of the Board of the Dubai Council for Economic Affairs, Chairman of Economic Development Committee and Board Member of the Dubai Corporation for Government Investment. Previously, she was Vice Chair of consumer finance company Dubai First as well as the Middle East Public Relations Association (MEPRA), and a board member at Khaleej Times and Hala China. At Meraas, we are excited to signal the start of an ambitious destination that is anticipated to generate thousands of new jobs as an international entertainment hub., motiongate Dubai will feature four unique zones and transport visitors on a journey of discovery, bringing to life some of the most recognizable Hollywood characters from the big screen. Given these risks and uncertainties, shareholders of DXBE should not place any reliance on forward-looking statements. Live Nation Adds Rich Paul to Board of Directors He has been Chief Financial Officer since 2015 and was elected Vice Chair in 2019. He also lectured for the Chartered Institute of Arbitrators. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that may occur in the future. The market for generative AI is anticipated to increase . Meraas is committed to creating and consistently delivering world-class real estate projects and master developments that strengthen Dubai's position as the global real estate investment destination of choice. Amit holds a Master of Philosophy degree in Finance from the University of Cambridge and a BSc (First Class Hons.) The company has established itself as a key innovator in UAE and follows a clear mandate to strengthen Dubais global position. In 2006, Jassim finished his Bachelors in Business Administration from the American University of Sharjah (AUS). 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. In addition, she was formerly a board member and chairperson of the nomination and remuneration committee of Amlak Finance. Mr Jawa was previously Chairman of Disney Jawa Enterprises, which introduced a range of Walt Disney licenced products to the Middle East region. Dr Maha Barakat is the Director General of the Frontline Heroes Office and a Senior Advisor at Mubadala. Member of the Committee of Finance and Economy Mr Ahmed Jawa embodies the Middle Easts success story. 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"). 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. Senior Airport Coordinator, then Vice President Operations at Dubai Civil Aviation Authority during the period of 1988 1991 [citation needed] The latter include the Valiant Clinic in City Walk. Khalid Al Malik is the Managing Director of Dubai Holding, where he leads the real estate portfolio including urban planning and infrastructure strategy and development, as well as overseeing the land bank one of the Emirates largest. He is the Chairman of Zand, one of the worlds first combined digital corporate and retail bank to launch from the UAE. The information contained in the following parts of this website is for information only and does not constitute an offer to purchase any securities. His Excellency Helal Saeed Almarri has been Director-General of the Dubai Department of Tourism and Commerce Marketing (DTCM) since 2013. Hiring and firing of senior executives (especially the CEO) Establishing compensation for executives. Language links are at the top of the page across from the title. Prior to joining Dubai Holding, he was the Director of Human Resources at the Ministry of Education. All rights reserved. Please read our privacy and cookie policy. Mostly, the directors are elected by the shareholders and they in turn elect the Managing Director. In Sep 2017, Mr Bin Thaniah was elected as a nonexecutive board member of Emaar the Economic City. H.E. The one to four-bedroom apartments will[speculation?] During his tenure, he worked on numerous projects and is currently accountable for over 50 property assets in the UAE. Mr. Alabbar sits on the board of Noor Investment Group, an affiliate of Dubai Group, the leading diversified financial company of Dubai Holding. Mohamed Al Ramahi is the Chief Executive Officer of Masdar, a global clean energy powerhouse active in over 40 countries. Sc.) [13] Other projects include The Green Planet in City Walk,[14] a destination that recreates a tropical forest, Hub Zero in City Walk, an indoor entertainment centre comprising rides and virtual reality experiences,[15] Hawa Hawa in La Mer, an inflatable playground,[16] and Ain Dubai in Bluewaters, the world's tallest observation wheel. In addition, he holds memberships to several important organisations. He is also the Founder and Chairman of Africa Middle East Resources (AMER), which unlocks the value of natural resource opportunities in Africa and links them with large consumer markets in Asia. He will retire from Visa on Sept. 30. Since joining Dubai Holding in 2006, Huda has successfully launched several strategic and award-winning projects across Dubai Holding and its companies that operate within different key sectors, including real estate, hospitality, retail and entertainment. Welcome to the website dedicated to providing information on the conditional cash offer received from Meraas Leisure and Entertainment LLC (Meraas) to acquire 100% of the issued and paid-up ordinary share capital of DXB Entertainments PJSC (DXBE) (the Offer). Minister of Government Sector Development during the period of 2006 2008 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. Board of Directors - Enghouse Systems [33], Launched in September 2016, The Outlet Village is an indoor retail destination. [17], The hospitality division handles hotel operations for the group and has partnered with hotel operators such as Bvlgari Hotels and Resorts,[18] Jumeirah, Marriott, Nikki Beach Hotels and Resorts, Caesars Entertainment. 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. 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. in Mathematics, Operational Research, Statistics and Economics from the University of Warwick. [40], Dubai Water Canal Has been developed by Meraas, Meydan and the Roads and Transport Authority (Dubai), and is spread across 4 million square foot of land [41], In 2018, Meraas launched Visit Hatta,[42] an initiative which comprises an adventure and activity centre, and a number of resort properties. EMAAR PROPERTIES BOARD MEMBERS | Emaar Properties PJSC 1 MarketScreener is worth more than 1000 Influencers! Mubadala Health 2023. It may require cleanup to comply with Wikipedia's content policies, particularly, Wikipedia policy generally considers directories in articles to be unencyclopedic and potential, Learn how and when to remove these template messages, Learn how and when to remove this template message, "Property developer Meraas to become part of Dubai Holding", "Sheikh Ahmed in control at Dubai Holding, Meraas | Gulf News", "Meraas launches Port de La Mer residential community | Middle East Construction News", "Dubai's own Central Park: new development planned for City Walk", "Dubai's Meraas Launches Bulgari Residences", "Dubai seeks to become global marinas hub under new deal | Arabian Business", "Dubai Harbour: Sheikh Mohammed unveils major new project with Middle East's biggest marina | The National", "World's tallest Ferris wheel 'Ain Dubai' to open in 2020 | Gulf News", "Largest Ferris wheel in the world rises off Jumeirah | Khaleej Times", "Mohammed bin Rashid announces development of 'Dubai Harbour' | SheikhMohammed.ae", "Dubai's developers have sales sell-outs and a skyscraper launch in busy week", "Meraas signs agreement with Dubai Municipality to manage Dubai Safari", "Dubai scoops out its first tropical forest", "Inflatable playground Hawa Hawa comes to Dubai", "World's tallest observation wheel, Ain Dubai, will open in 2020 | What's On", "Super premium Bulgari hotel opens in Dubai | Gulf News", "Dubai's Meraas launches clinic at City Walk as part of new healthcare unit", "Dubai's Bluewaters project begins handover to its first residents", "First handovers announced at Bulgari Residences Dubai | Arabian Business", "Dubai's property developer Meraas unveils plans to build new green community: 'Central Park at City Walk', "Meraas starts handover of Nikki Beach Residences | Gulf News", "Investors get their fill buying plots in Dubai | Gulf News", "New SME district launched in Dubai's Al Seef", "World's tallest observation wheel, Ain Dubai, to be completed next year", "Meraas launches BoxPark in Dubai | Gulf News", "Shaikh Mohammad Bin Rashid unveils new megaproject: Dubai Harbour | Gulf News", "1st Gov Games begins on Wednesday | Gulf News", "New beach and entertainment space La Mer opens to Dubai public | The National", "Meraas to expand Last Exit food truck centres in Dubai | The National", "New luxury Nikki Beach resort set to open in Dubai's Pearl Jumeira", "The Outlet Village launched in Dubai | Gulf News", "10 facts about the upcoming Dubai Harbour", "Dubai Cruise Terminal to be main hub for cruise tourism | Saudi Gazette", "All bets are off as Caesars Palace resort set to open in Dubai | The National =", "Dubai Parks operator shakes up senior management as it unveils new strategy", "Rove Hotels, Dubai's Smart New Hotel Brand for the Modern Traveller, to Roll Out in 10 Central Locations by 2020 | Hospitality Net =", "Emaar launches residences starting at Dhs664,888 in Dubai Hills Estate", "Dubai Water Canal: All that you need to know | Khaleej Times =", "Dubai's Meraas unveils Hatta eco-tourism projects | The National", "Hala China initiative launched with Chinese musical | Gulf News", "Meraas aims to further development with Chinese tourism in region | Gulf News", https://en.wikipedia.org/w/index.php?title=Meraas&oldid=1149526000, 2007 establishments in the United Arab Emirates, Conglomerate companies established in 2007, Property companies of the United Arab Emirates, Articles with a promotional tone from November 2018, Wikipedia articles with possible conflicts of interest from September 2019, Wikipedia articles with style issues from June 2021, Articles with multiple maintenance issues, Articles with unsourced statements from September 2019, Articles containing predictions or speculation, Articles with failed verification from October 2022, Wikipedia articles in need of updating from August 2020, All Wikipedia articles in need of updating, Articles with unsourced statements from October 2021, Articles with unsourced statements from March 2023, Articles with a promotional tone from September 2019, All articles with vague or ambiguous time, Vague or ambiguous time from September 2019, Articles with failed verification from August 2020, Articles with unsourced statements from August 2020, Creative Commons Attribution-ShareAlike License 3.0, Real estate, tourism, retail, F&B, leisure and entertainment, hospitality, healthcare, This page was last edited on 12 April 2023, at 19:41. Eng. A 2022 McKinsey survey found that AI adoption has more than doubled over the past five years, and investment in AI is increasing as well. Executive Director, UAE Strategic Clusters Unit of UAE Investments Platform, Mubadala Investment Company, Head of Investments and New Initiatives, UAE Investments Platform, Mubadala. The development has been designed by Italian architect Antonio Citterio and is one of only six Bvlgari branded residences globally. [11] In 2019, Meraas launched its first townhouse community in Dubai, Cherrywoods. Our Leadership | Dubai Holding We are confident our efforts will contribute to achieving the Dubai Tourism Vision 2020 and become the, pride of our nation. Muhammad Shoaib Suleman - Executive Director - Governance, Risk She also holds a Directorship Certification from Hawkamah Institute for Corporate Governance in the UAE, in addition to a Masters in Business Administration from the University of Dubai. lewis river north fork; who plays felicia on saints and sinners 2021; vidga . Aldrin is an industry leader with over 28 years of experience in conducting assurance, advisory and forensics reviews on strategic, financial, operational and technology matters, and contributing to Boards and Sub-Committees. Creative lifestyle space where you can live, work and play, Explore our spectacular residential portfolio, Explore dinning, shopping, beach experiences and more, Explore our properties in a new immersive way, Copyright 2023 Meraas By Dubai Holding Real Estate. Badr Al-Olama is the Executive Director of the UAE Strategic Clusters unit within Mubadalas UAE Investments platform which has been formed to accelerate the UAEs economic transformation by investing in national champions, fostering vibrant industrial and commercial clusters, and partnering with world-class global organizations. His mandate also includes a strategic focus on driving sustainable tourism contributing to the economic development of the emirate of Dubai and ensuring that tourism as a sector with all related adjacencies is effectively growing their contribution to Dubais GDP. The board is also tasked with a number of other responsibilities, including the following: Creating dividend policies. His business acumen was recognised in 1996, at the highest level, when he was honoured as one of the Global Leaders of Tomorrow at the World Economic Forum in Davos, Switzerland. This interest to use our vast experience of developing communities, having a worldly vision and applying different aesthetics, makes our portfolio the epitome of sophistication. Since joining the Group in 2017, Omar has successfully concluded several major transactions, including the initial public offerings of TECOM Group and Empower, the formation of a joint venture with Brookfield Asset Management in relation to certain key retail assets across Dubai, the sale of Dubai Holdings stake in Dubai Creek Harbour to Emaar Properties, the formation of a joint venture with Aldar Properties and the 100% take-private of DXB Entertainments and its integration into the Group. [30], La Mer, launched in October 2017,[31] is a beachfront destination located on 2.5-kilometres of beach. What is a board of directors? - The Corporate Governance Institute Edward is a former parttime member of staff at HeriotWatt University, Dubai Campus; he was an Advisor with the Dubai Real Estate Institute and the author of numerous publications. Mr. Alabbar is the Chairman of Tradewinds Corporation, a premier leisure and hospitality owner-operator in Malaysia, focused on . Offer by Meraas to acquire DXB Entertainments She is an active board member across a number of respected organisations, including TECOM Group, Aramex, EII Capital and Memaar Building Systems, and is a former board member of Dubai Creek Harbour. Nasser Al Awadhi serves as Chief Business Transformation Officer and is responsible for overseeing the Dubai Holding Centre of Excellence (CoE), which is mandated to bring together specialised functions led by subject matter experts to help drive change across the business. As of 2020, Meraas was reportedly due to become a subsidiary of Dubai Holding. Sheikh Ahmed bin Saeed Al Maktoum serves as the Group Chairman of Meraas. Helal Almarri also heads up the DWTCA, which encompasses the UAEs leading event venue and the largest event and exhibition centre in the region. [8], In 2021, Meraas unveiled Ain Dubai. Aldrin is also a Fellow professional member of the Institute of Internal Auditors Australia (PFIIA- Aust) and a Member of the Association of Corporate Governance Practitioners (MGP). He has been instrumental in diversifying Dubai Holdings portfolio and in expanding the groups international footprint through cross-border investments. The Dubai Department of Tourism and Commerce Marketing (DTCM) is the government authority responsible for continuously furthering Dubais position as a leading global tourism destination and business hub. Sharjil is a Certified Public Accountant (CPA), Chartered Global Management Accountant (CGMA) and holds a Bachelors Degree in Accountancy from Arizona State University in the United States. In that position Mr. Sadler took the company from receivership in 1987 and grew the company by acquisition into . Waleed serves as Mubadalas Deputy Group Chief Executive Officer, and has strategic oversight of the companys broad investment portfolio and special projects at the group level. Dr Maha Barakat is the Director General of the Frontline Heroes Office and a Senior Advisor at Mubadala. Chairman of the Federal Civil Aviation Authority He has also served on the governance bodies of several regional and international organisations including those across hospitality, energy, retail and real estate, as well as on the Advisory Board of Warwick Business School. The Roles and Responsibilities of a Board of Directors Centrally located between the three theme parks, River park will serve as an entrance plaza district featuring an array of retail, dining and entertainment options. PDF DXB Entertainments PJSC Board of Directors Recommends to Shareholders Mr. Sadler is one of the most respected technology executives in Canada, and is widely known as the former Vice-Chairman and CEO of Geac Computer Corporation. Board of Directors Recommends to Shareholders to Accept . CSR Head and Director: Meraas: xxxx@meraas.com ****677*** View Number: Meraas technology stack. He is the Chairman and Chief Executive of Emirates Airline and Group, which includes Dnata the regions leading travel services and ground handling company, and other aviation related entities. Meraas Holding is a Dubai-based development company with operations and assets in the UAE and overseas. What Is a Board of Directors? NATIONAL INTERNATIONAL HOLDING COMPANY K.S.C.P. Since 1997, he has been at the forefront of global real estate, leading marquee real-estate development companies such as Emaar Properties (developer of worlds tallest building) and Eagle Hills (leading emerging markets real estate developer).