Copyright 2015 - 2023 Dubai Holding, All rights reserved. Meraas is part of the Holding Companies & Conglomerates industry, and located in United Arab Emirates. It has a marina with 56 berths for private yachts. A former cardiology director has been charged by the Iowa Board of Medicine with professional incompetency and engaging in harmful and misleading medical practices, the Sioux . In 1999, one of the first initiatives of Mr Thaniah and DPA chairman in the international port operation market encompassing Beirut, Djibouti and Jeddah led to the creation of Dubai Ports International (DPI). [1], Since its founding in 2007,[2] the Dubai-based conglomerate has launched several projects in multiple sectors including real estate, retail, hospitality, food and beverage, leisure and entertainment and healthcare. 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. [citation needed], In December 2013, Meraas launched City Walk,[28] an open-air lifestyle destination, spanning an area of more than 10 million square feet. Eng. From the conception of a grand idea, to selecting the finest materials, to delivering world-class communities wouldnt hold the same value if our patrons didnt believe in our commitment to serve them to the best of our abilities. Huda Buhumaid is the Chief Impact Officer, responsible for driving impact through sustainable business practices throughout the Group, including environmental and social, as well as overseeing Dubai Holdings branding, marketing, and corporate communications functions. He is a qualified US Certified Fraud Examiner (CFE) and has a Qualification in Internal Audit Leadership (QIAL) from IIA Global. [8], In 2021, Meraas unveiled Ain Dubai. Meraas is committed to creating and consistently delivering developments that strengthen Dubai's position as a global real estate investment destination of choice. Khalid holds a bachelors degree from the University of Arizona, USA, with a double major in Management Information Systems and Production and Operations Management. The company has established itself as a key innovator in UAE and follows a clear mandate to strengthen Dubais global position. FYE 2020 Financial Results Communication Materials, Q3 2020 Financial Results Communication Materials, H1 2020 Financial Results Communication Materials, DXB Entertainments PJSC Announces Financial Results for the First Nine Months of 2020, DXB Entertainments PJSC Announces First Half 2020 Financial Results, DXB Entertainments PJSC Announces Q4 2019 adjusted EBITDA of AED 2 million, DXB Entertainments PJSC Announces Financial Results for the First Nine Months of 2019, Dubai Parks and Resorts reports visitation for the first nine months of the year, DXB Entertainments PJSC Announces First Half 2019 Financial Results, Dubai Parks and Resorts reports visitation for H1 2019, DXB Entertainments PJSC Announces Financial Results for the first 3 months of 2019, Dubai Parks and Resorts reports visitation for Q1 2019, DXB Entertainments PJSC Announces 2018 Full Year Audited Financials and Results of Strategic Review. Meraas has also agreed to acquire the senior bank debt of DXBE and subsequently convert this debt into new shares of DXBE at a conversion price of AED 0.08 per share, being the same price of the Offer. She started her career with HSBC originally as a Corporate Banker before moving to Human Resources where she led the function through several complex change programs including the implementation of new technology, which led to a significant cultural change and new ways of working for both HR and its customers across the MENAT region. Dubai-based development company Meraas Holding today unveiled the blueprint for Dubai Parks and Resorts project that is set to take shape in Jebel Ali. 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). [citation needed], Bluewaters Residences is a collection of one to four-bedroom apartments, penthouses and townhouses located on the man-made island of Bluewaters. [citation needed] The destination hosts community art fairs and markets, sports tournaments and races. Over the years he has developed world-class mixed used projects, including his retail businesses, across 20+ markets of Middle East, North & Sub Saharan Africa, Central & Eastern Europe and South & South East Asia and US. As Executive Board Member Emaar Properties PJSC, Ahmad Al Matrooshi oversees the day to day operations within Emaar, including government affairs, media, public and community relations. To facilitate delivery, he is equally responsible for forging collaborations and partnerships across the industry ecosystem globally and Dubai government, private and public sector stakeholders. He also has a Bachelor of Laws with Honours from the University of Technology in Sydney, Australia, and is admitted as a barrister of the High Court of Australia, a solicitor in NSW and an admitted legal practitioner of the DIFC Courts in Dubai. Dubai Parks and Resorts has been designed as the first of its kind entertainment destination that simultaneously opens the gates of three theme parks. Nasser's role is critical to ensuring business transformation in alignment with modern workplace best practices while successfully translating the mandate of our Centre of Excellence. He has been Chief Financial Officer since 2015 and was elected Vice Chair in 2019. Before this move, Al Matrooshi was Deputy Director of the Dubai Chamber of Commerce & Industry for 14 years. [35], Dubai Cruise Terminal located in Dubai Harbour, will include two cruise terminals, capable of accommodating up to three cruise ships concurrently and up to 13,200 passengers. Regardless of the terminology, the board of directors is a group of individuals either elected or appointed to provide organizational leadership and oversight. Meraas emphasizes on sophistication and innovation to offer best in class residential and land projects that appeal to a diverse customer base. In a private company, a board of directors is a group of elected individuals representing the shareholders. 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). In addition, she was formerly a board member and chairperson of the nomination and remuneration committee of Amlak Finance. Projects include City Walk, Bluewaters Island, Jumeira Bay, Pearl Jumeira, La Mer, and Dubai Harbour. Mr Jawa is also on the Board of National Pipe Company Ltd (NPC), a joint-venture between Saudi-based enterprises and Sumitomo Corporation Group of Japan that manufactures and supplies quality pipes for the oil, gas, water and construction services. Meraas, a holding company wit h multiple landmark projects across Dubai, today launched its offer (the "Offer") to acquire 100% of the issued and paid-up ordinary share capital of the Company. Amit has also overseen the strengthening of Dubai Holdings international focus through significant investments in Azadea, and the acquisition of prime real estate and hospitality assets in Paris, Capri, Rome and the Maldives. Aldrin Sequeira is the Chief Internal Audit Officer responsible for overseeing the Groups Internal audit and risk management functions and providing independent and objective assurance on its financial and operational activities. All rights reserved. Such forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and on numerous assumptions regarding the business strategies and the environment in which DXBE operates in the future and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. [34], The enterprise division is responsible for the management of shareholders investments, joint ventures and commercial partnerships. A recent report by JLLs Hotels and Hospitality Group has also revealed that Dubai registered a steady increase of hotel guests at a CAGR of eight percent from 2009 until 2013. Subscribe and follow. Meraas Hospitality properties include La Ville Hotel & Suites, Caesars Palace Bluewaters Dubai, Caesars Resort Bluewaters Dubai, Zabeel House, Zabeel House MINI and Al Seef Hotel. Check the section to learn more about which tools and technologies are used by Meraas and how much is Meraas oriented towards technology. We identify priorities for . He is responsible for developing the centres strategic and development plans to position Dubai as a leading global MICE-destination. She is the Vice Chair of the Private Sector Advisory Council and a member of Dubai International Communications Committee, which operates under the umbrella of the Government of Dubai Media Office. As Chairman, President & Chief Executive Officer of Starling Holding Limited, Mr Jawa has continually set business and entrepreneurial excellence standards. In 2006 Bin Thaniah was appointed a Vice-Chairman and GCEO of Ports & Freezone world, including DP World, Freezone world and P&O Ferries, until his retirement in January 2017. Board of Directors Recommends to Shareholders to Accept . In his earlier career, Nasser served in key roles at TECOM Investments, Tamweel LLC, EPPCO and Dubai Municipality. Fatma Hussain is the Chief People Officer, leading the Groups efforts to foster a people-driven culture that empowers Dubai Holding employees. Nasser holds a Bachelors in Business Administration from the University of South Carolina, USA, and is a graduate of INSEADs International Directors Programme. Board of Directors has four options on each proposal: affirm, deny, table or amend a rule. This website contains information on the Offer. Group Managing Director of Saeed & Mohamed Al Naboodah Group during the period of 1998 2004 His Excellency Sultan Bin Saeed Al Mansoori has been appointed as Minister of Economy in the UAE, effective 17th of February, 2008. Language links are at the top of the page across from the title. [citation needed], In 2019 Meraas launched its latest destination, Dubai Harbour. Mr. Mohamed Ali Rashed Alabbar is a global entrepreneur with active interests in real estate, retail, hospitality, e-commerce, technology, logistics, F&B and venture capital. He has more than 21 years of experience in legal practice and strategy in the areas of construction, engineering, utilities, infrastructure, real estate development, corporate, commercial, capital markets, banking and finance, cross border transactions and arbitration. Mr Jamal Bin Thaniah, born in 1958, holds a bachelors degree in Public management. [citation needed] The development includes one to four-bedroom apartments, penthouses and apartment townhouses. Mr Jawa is also a Board Member of Emaar Development, the leading developer of residential and commercial build-to-sell assets in the UAE, and a member of its Investment Committee and Nomination & Remuneration Committee. Maintaining company resources. Jamal Majid Bin Thaniah is the Co-Founder of DP World, the 4th largest port operator in the world with a capacity of 100 Million TEUs in the year 2006; DPI concluded the acquisition of P&O Ports to become the 3rd largest port operator in the world and DPW was created to become a real international port operator company worth USD 22 billion. H.E. 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. Before joining Dubai Holding, Fatma worked at JAFZA and Gerab National Enterprise, where she headed Recruitment, Talent Development and Redeployment Department, as well as the Human Resources and Administration Department, respectively. What Is a Board of Directors? [11] In 2019, Meraas launched its first townhouse community in Dubai, Cherrywoods. Before joining Emirates NBD, Eman was Regional Head of Strategy and Chief of Staff for HSBC Bank Middle East Limited for the Middle East, North Africa and Turkey (MENAT) countries. 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. The renowned Saudi Arabian entrepreneur established Starling Holding, an international investment group dedicated to private equity and venture capital, just after graduating from college, when private equity was in its infancy in the Middle East region. His role entails enhancing Dubais positioning as the preferred international hub for the global business community to network from, establish and expand their presence in, and service the broad range of markets across EMEASA. Eman has been appointed as a Board member of Dubai Refreshment P.J.S.C. DXBE SHAREHOLDERS ARE STRONGLY ADVISED TO READ THE OFFER DOCUMENT, THE ACCEPTANCE FORM AND THE CIRCULAR OPINION BECAUSE THEY CONTAIN IMPORTANT INFORMATION. He is currently on the board of several organisations, including, among others, SmartCity Malta, SmartCity Kochi, Dubai Waste Management Company, Tunisie Telecom and the Dubai Hills Estate group and is also a council member of the British University in Dubai. He was the founding Director General of the Dubai Department of Economic Development (DED), and served as a member of the Dubai Executive Council and Dubai Economic Council. Creativity is the corner stone of our design philosophy, and we strive to have this valuable characteristic reflect in our communities. Coast Investment & Development Company K.S.C.P. Dubai property company Meraas, which owns more than half of DXB Entertainments, intends to make a conditional offer to acquire the remaining shares in the loss-making theme park group and take it. Please read our privacy and cookie policy. [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. Copyright DXB Entertainments. Chairman of The Emirates Authority For Standardization & Metrology Consisting of elected individuals who serve as advisors to a corporation, a board of directors acts as a proxy (representative or substitute) for shareholders. The first phase is scheduled for completion in 2016. 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. [citation needed], In January 2017, His Highness Shaikh Mohammed bin Rashid Al Maktoum unveiled Dubai Harbour,[29] with berths for yachts and views of some of Dubai's landmarks.[promotion? In addition, he has been the Group Chief Information Officer of Deutsche Bahn International based in London and Frankfurt, and before that he led the technology function for DHL in the Asia Pacific region based in Singapore. in Industrial Engineering & Management Systems from Arizona State University USA. The board typically meets at. If you are unable to give this representation then please do not view the content of this website. DELTA NEWS ON THE GO. 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. The board is also tasked with a number of other responsibilities, including the following: Creating dividend policies. Chairman of the Board of Directors of the Securities and Commodities Authority He is also a member of its Audit Committee, offering advice on Emaars global expansion plans. Prior to his current role at Dubai Holding, Aldrin was with Jumeirah Group as Chief Internal Audit Officer as well as at PricewaterhouseCoopers working in Australia, Papua New Guinea and the UAE. Chairman of the National Committee for the Follow-up Program of Investment Climate In his role, Boris oversees the technology functions of the Group across a diverse range of industries including hospitality, retail, media, leisure, and entertainment. [22], Nikki Beach Residences are a set of branded homes adjacent to Nikki Beach Resort & Spa Dubai in Pearl Jumeira. The documents on this website (including information incorporated by reference in such documents), oral statements made regarding the Offer, and other information published by DXBE (or any of DXBEs affiliates) contain statements that are, or may be deemed to be, forward-looking statements. Before joining Emaar in November 2005, Al Matrooshi held the position of Chief Executive Officer at the government-run Dubai Development Board (DDB) for almost a decade. Please note that the terms set out below may be altered or updated at any time; you should read it in full each time you visit this part of the website. In addition, he has driven the growth of several regional players into world-renown sector champions including Americana Group (a multibillion-dollar food business, the largest integrated food company in the Middle East) and noon.com (the leading e-commerce platform in the region). The one to four-bedroom apartments will[speculation?] In deciding whether or not to accept the Offer, shareholders of DXBE should rely only on the information contained, and procedures described, in the Offer Document, the Acceptance Form and the Circular Opinion. Accordingly, you represent that you are not a national or resident of the United States or such other relevant country, and that DXBE is lawfully entitled to make the content of this website available to you under applicable securities laws. Boris Rusafov is the Chief Technology Officer at Dubai Holding. The members of a non-profit board focus on the organisation's high-level strategy, oversight, and accountability. The development will also feature Riverpark a grand entrance plaza and Lapita, a family themed hotel. Prabhu is the Vice Chair, Chief Financial Officer of Visa Inc. Member of the Ministerial Committee for Legislation He also lectured for the Chartered Institute of Arbitrators. [19], Meraas real estate division comprises property development, sales and asset management across Dubai. He will retire from Visa on Sept. 30. Unless otherwise determined by DXBE and permitted by applicable law and regulation, neither copies of any and all information or documents containing information originating from this website nor any other documents related to the Offer are being, or may be, mailed or otherwise forwarded, distributed or sent in, into or from the United States or any other country that renders the accessing of such documents and information unlawful and persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from such jurisdictions. Born in 1967, Mr Almulla holds a diploma in business administration from Newberry College, Boston. [citation needed], The company is also responsible for implementing Hala China, a joint initiative by Meraas and Dubai Holding[43] which is aligned with Dubai's Tourism Vision 2020 and aimed at enhancing economic and cultural exchange to drive investment cooperation between Dubai and China. [12], The firm's "Leisure & Entertainment" division operates entertainment destinations and venues, including the Dubai Safari. Abdulla Abdul Aziz AlShamsi is the Head of Investments and New Initiatives within UAE Strategic Clusters unit of Mubadala Investment Companys UAE Investments Platform. He has gained experience in planning, construction and development of the family assets. He is also responsible for the companys international real estate investments in places such as Malta and Kochi as well as managing its strategic relations with local and international investors, and its government affairs.
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