Dubai Group
From Wikipedia, the free encyclopedia
| Dubai Investment Group | |
|---|---|
 |
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| Type | Subsidiary |
| Founded | 2000 as The Investment Office |
| Headquarters | Emirates Towers in Dubai,  United Arab EmiratesBranches in: Kuala lumpur New York London Hong Kong |
| Key people | Sheikh Mohammed bin Rashid Al Maktoum, Founder & majority stakeholder Soud Ba'alawy, Chairman Tom Volpe, CEO |
| Industry | Diversified Investments |
| Employees | 18,000 (including subsidiaries) |
The Dubai Group is one of the leading companies of Dubai Holding, focusing on banking, investments and insurance both locally in the United Arab Emirates and globally.
Dubai Group was first established in 2000 under the name The Investment Office. In 2004, in keeping with the company’s strategy to raise its profile and expand its investment activities, it was renamed Dubai Investment Group .Shortly after, in January 2007, following its accelerated growth and expansion curve, the company was restructured and re-branded as Dubai Group.
Spearheaded by the Executive Chairman of Dubai Group, Soud Ba’alawy and the CEO of Dubai Group, Tom Volpe, strengthened by a team of some the industry’s finest minds, and driven by its global strategy, Dubai Group creates and manages a diverse selection of direct and indirect investments in different parts of the world.
The Dubai Group currently includes a diverse group of six companies, each with a specific sector and geographic area of operation as its focal point.
- Dubai Investment Group - The global financial investor of Dubai Group.
- Dubai Islamic Investment Group - The global shari'a compliant investment company of Dubai Group.
- Dubai Insurance Group - The global insurance company of Dubai Group.
- Dubai Capital Group - Investment activities in MENA regions.
- Dubai Financial - Acquisition of financial services companies.
- Noor Investment Group - Dubai Group's shari'a compliant financial institution.
Headquartered in Dubai, with offices in London, New York, Kuala Lumpur and Hong Kong. Through its subsidiaries and affiliates, the Group’s areas of operation span the Gulf Cooperation Council (GCC), the Middle East & North Africa (MENA) region, the European Union (EU), North America, South East Asia, the Indian Sub-Continent and the CIS countries.
With an aggregated balance sheet of over USD 60 billion[1] , Dubai Group has successfully managed to create a global footprint, through its subsidiaries and affiliates of over 1,000 branches in 26 countries, employing 18,000 individuals and serving more than four million customers[2].
[edit] Investment portfolio
The Group’s rapidly expanding portfolio currently includes:
Middle East & North Africa
- Al Salam Bank
- Bank Muscat
- Borse Dubai
- Dubai Bank
- EFG-Hermes
- Emirates Cement Company
- Global Investment House
- National Bonds
- Oman National Investment Holding Co
- QIA joint venture
- TAIB Bank
- Tamweel
- Tunisie Telecom
- Greenfield General Insurance Co
Asia
- Bank Islam
- Bharat Hotels
- Bolton Bhd
- Chiranjjeevi Wind Energy Limited
- DLF Limited
- GBD Investment Limited
- Guocoland
- Sing Holdings
- Sun Hung Kai Financial
- Time Broad Band Television
- Vietnam Asset Management
North America
- Massachusetts Property Portfolio
- Essex House, New York
Europe
- GO (Malta)
- Marfin Investment Group
- Marfin Popular Bank
- Märkisches Zentrum & Hansecenter Shopping Centres
