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Sponsors
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- First Dawood Group:
- Unicorn Investment Bank
Kingdom of Bahrain
- Islamic Corporation for the Development of the Private Sector-ICD
Jeddah
- Azam Essof Kolia,
Singapore
- Al Safat Investment Company
State of Kuwait, Al-Qiblah
- Gargash Enterprise,
Dubai, UAE
- Shehab M. Gargash,
Dubai, UAE
- Sheikh Abdullah Al Romaizan,
Saudi Arabia
- Sheikh Mohammad Al Romaizan,
Saudi Arabia
Shareholders:
First Dawood Group ("FDG") - The principal sponsor represents a branch of the reputable Dawood family, which is one of the well known business groups in Pakistan.
FDG has the experience of operating financial institutions namely B.R.R. Guardian Modaraba (the new name for merged entities of BRR International Modaraba and Guardian Modaraba), First Dawood Investment Bank Ltd and Dawood Capital Management Ltd, manager of Dawood Money Market Fund, First Dawood Mutual Fund and Dawood Islamic Fund. FDG is further diversifying its operations through joint venture arrangements by setting up Takaful Insurance and a Wind Power generation project. The increasing presence of the group in the financial sector is likely to strengthen its franchise value and provide synergetic benefits.
The Chairman, Mr. Rafique Dawood, is an MBA from Harvard Business School and has had extensive exposure to business, having held senior management positions with various family concerns both in Pakistan and abroad.
UNICORN INVESTMENT BANK
Unicorn Investment Bank ("UIB"), Bahrain - On May 5, 2004, Unicorn Investment Bank B.S.C. commenced operations, with headquarters in the Kingdom of Bahrain. Unicorn Investment Bank is licensed as a Shari'ah-compliant investment bank, regulated and supervised by the Central Bank of Bahrain. UIB is led by an experienced board of directors and a world-class management team. Their products and business are governed by two essential principles: that they fully comply with Shari'ah principles and that they are benchmarked against international financial best practices.
The founding shareholders and Board of Directors of Unicorn Investment Bank recognized a need for a full-service, international, Islamic investment Bank that combines innovative product development, strong business processes, Islamic values and global banking standards.
UIB's franchise is built around multiple business lines - Corporate Finance Advisory; Capital Markets & Treasury; Strategic Mergers & Acquisitions; Asset Management; Global Private Equity; and Takaful (Insurance) - delivering innovative and ethical financial solutions to a broad international client base.
Mr. Majid Al-Refai is the Chief Executive of UIB and Mr. Aamir Khan is the nominee director of UIB on the Board of DIBL.
ISLAMIC CORPORATION FOR THE DEVELOPMENT OF
THE PRIVATE SECTOR-ICD
Islamic Corporation for the Development of the Private Sector ("ICD") - ICD is a wholly owned subsidiary of Islamic Development Bank ("IDB"), Jeddah. ICD was established in November 1999 by a decision from the Board of Governors of the IDB. ICD is a fully-fledged international independent institution. Its authorized capital is US$ 1 billion and its paid-up capital is US$ 500 million. It aims to promote the economic development of its member countries by encouraging the establishment, expansion and modernization of private enterprises. In this respect,
ICD complements the activities and the mission of IDB through:
• Providing Islamic financial services & products.
• Promoting competition and entrepreneurship in member countries.
• Advising government & businesses.
• Encouraging cross border investments.
Dr. Ali Soliman is the Managing Director/CEO of ICD and Mr. Mohammad Tariq is the nominee director of ICD on the Board of DIBL.
AZAM ESSOF KOLIA
Mr. Azam Essof Kolia, Singapore - Mr. Kolia is a well reputed business executive and has an influential presence in the Asia Pacific market, especially in the import and export trade of commodity products, like edible oil, sugar, spices and metals, especially since he has been engaged in this trade for the last 30 years. Taking on influential positions in so many companies, both locally and internationally, Mr. Kolia is indeed a prominent and highly respected figure.
He is also extensively involved in various social and charitable organizations. Mr. Kolia is member of the Board of Directors of DIBL.
AL SAFAT INVESTMENT COMPANY
AL Safat Investment Company – Al Safat Investment Company is a Kuwaiti Investment Shareholding company with a paid-up capital of KD 30 million (approx. US$ 108 million). The company was established on 15 September 1982 with core business activities of direct investments in all industry sectors, Portfolio & Asset Management Services all over the world.
GARGASH ENTERPRISE
Gargash Enterprises (LLC), Dubai – Gargash Enterprises (LLC) is a private limited company established in 1964 by Mr. Ali Haji Abdulla Awazi Gargash under the name of M/s. Trucial Oman Enterprises and obtained agency for Dubai and Northern Emirates from M/s. DaimlerChrysler for Mercedes-Benz vehicles / parts.
SHEHAB M. GARGASH
Mr. Shehab Gargash has been actively involved in the development of Capital Markets in the UAE, both in the context of his institutional work and in his personal capacity.
During 12 years in the UAE banking industry his roles have included Marketing, Distribution, Trade Finance and Investment Banking, first with Citibank (1989-1993) and later on with the Emirates Bank Group (1993-2001). In 2001 Mr. Shehab founded Daman Investments PSC, and is currently the Managing Director of the company. The company is a privately held, non-bank financial services concern focused on developing capital market opportunities within the UAE and Middle East.
A board member of AREIT (Arabian Real Estate Investment Trust) the first REIT launched for and in the Middle East region, he also serves as a board member of Saraya Real Estate Fund (MENA) a major regional real estate development fund.
SHEIKH ABDULLAH AL ROMAIZAN
Sheikh Abdullah Mohammad Al-Romaizan, Kingdom of Saudi Arabia – Sheikh Abdullah Al-Romaizan is an experienced businessman and industrialist with major shareholdings and investments in various industry sectors, such as, Gold and Jewellery, construction, education, chemicals and so on. Sheikh Abdullah is highly regarded in Saudi Arabia business circles and it goes without saying that Sheikh Abdullah Al-Romaizan is a highly reputed individual. Sheikh Abdullah is also well-known in the kingdom for his social work and contributions to charitable organizations.
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