Investment Corporation of Dubai
Sovereign wealth fund from the United Arab Emirates
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2024 | ICD and Brookfield Corporation sold 49% stake of Dubai's ICD Brookfield Place to Abu Dhabi-based Lunate and Saudi Arabia conglomerate Olayan Financing Company. |
January 2023 | ICD sold aswaaq to GMG and Columbus Centre Corporation (which owns Mandarin Oriental NY Hotel) to Reliance Industries. |
2022 | ICD reported significant financial achievements, including assets worth $320 billion and revenue of $73 billion, demonstrating the corporation's substantial growth and investment success. |
October 2022 | ICD disposed of its controlling stake in Ssangyong Engineering and Construction, selling shares to Global Sae-A Group. |
January 1 2022 | Dubai Integrated Economic Zones Authority (DIEZ) was established, incorporating Dubai Airport Freezone Authority (DAFZA), Dubai Silicon Oasis, and Dubai CommerCity (DCC). |
2021 | The federal government agency Securities and Commodities Authority approved the Emaar Properties and Emaar Malls merger. |
2020 | Emirates took over American company Air Venture Holdings, which specialised in food and beverage retail sales. |
2020 | Government of Dubai transferred Dubai Multi Commodities Centre Authority to ICD. ICD sold the W Washington D.C. Hotel, established its ESG Management Committee, formalized its ESG Policy and Framework, and commissioned its carbon footprint certification. |
2019 | ENBD acquired full ownership of DenizBank A.Ş in Turkey. |
2019 | ICD made Dubai Aerospace Enterprise (DAE) a wholly-owned subsidiary. |
2018 | Dnata bought the catering business of Australian flag carrier Qantas Airways. |
2018 | ICD acquired ISS Global Forwarding. |
2017 | DAE purchased Dublin-based commercial jet aircraft leasing company AWAS. Emaar Development shares were listed on the Dubai Financial Market. |
October 2017 | ICD listed a $200 million Sukuk on NASDAQ Dubai, its second conventional bond listing. Additionally, two Sharia-compliant bonds worth $1 billion and $700 million were listed on Nasdaq Dubai. |
2016 | Dnata acquired Ground Services International, a ground-handling company based in the US. |
2016 | ICD acquired Porto Montenegro Marina and Resort located in the Bay of Kotor from Montport Capital. |
2015 | Borse Dubai sold its $2.2bn stake in the London Stock Exchange. Emirates National Oil Company (ENOC) acquired full ownership of Dragon Oil in Turkmenistan. DAE divested its interest in American MRO provider StandardAero to New York-based private equity firm Veritas Capital. |
2015 | ICD took control of Flydubai and Kerzner International Holdings, and established Ithra Dubai, a property management and asset development subsidiary. |
2014 | ICD divested 100% of its stake in Dubai Aluminium Company to Emirates Global Aluminium (EGA) in a joint venture with Emirati Mubadala Investment Company. Emaar Malls shares were listed on the Dubai Financial Market. |
2014 | ICD acquired Atlantis The Palm, a controlling stake in Ssangyong Engineering and Construction, Mandarin Oriental New York, and W Washington D.C. Hotel. |
2013 | ENBD acquired the Egyptian business of French bank BNP Paribas for $500 million. Dnata obtained a controlling stake in Servair Airchef, an in-flight catering provider in Italy. |
2012 | ICD acquired Smartstreams Technologies Group Limited and a controlling stake in Dubai Aerospace Enterprise (DAE). |
2011 | Dnata purchased Travel Republic Group, an online travel agency based in the UK. |
2010 | Dnata acquired Alpha Flight Catering Group, an in-flight caterer in the United Kingdom. |
2010 | National Bonds Corporation became a subsidiary of ICD. |
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