Dubai International Capital

Dubai International Capital
Subsidiary (International investment arm)
Industry Diversified Investments
Founded October 2004
Founder Sheikh Mohammed bin Rashid Al Maktoum
Headquarters Dubai, United Arab Emirates
Key people
David Smoot
(CEO)
Website www.dubaiic.com

Dubai International Capital (DIC) is the international investment arm of Dubai Holding, a global conglomerate and sovereign wealth fund of the government of Dubai and its ruling family and has been over-leveraged to the point whereby the company is not able to service its interest payments in a normal fashion.[1] DIC invests private funds on behalf of Dubai Holding and several large third-party investors around the world with a mandate to build a portfolio of internationally diversified assets.

DIC, which was founded in 2004, invests in public and private equity through three divisions:

Holdings

DIC's investments across its divisions include:

Private Equity:

Emerging Markets:

Public Equities:

Liverpool F.C.

On a number of occasions, DIC tried to buy into Liverpool F.C., in part because DIC chief Sameer al-Ansari is an LFC fan and season ticket holder:

References

  1. BBC News " Dubai fund hits back at criticism". BBC News. 4 April 2008.
  2. BBC News "Dubai Firm Buys Travelodge Hotels"
  3. BBC News "Dubai Firm Buys Tussauds"
  4. Times Online "Dubai Bags Doncasters for £700 million"
  5. Zawya Online "Dubai International Capital acquires Mauser for Dh4.25bn in major move"
  6. Reuters "Dubai fund buys UK's Alliance Medical"
  7. Forbes "Dubai International Capital buys German chemical maker Almatis"
  8. BBC News "Dubai-run fund buys Sony shares"
  9. BBC News "Dubai-run fund takes EADS stake"
  10. "Tussauds firm bought in £1bn deal". BBC News. 5 March 2007. Retrieved 2010-05-01.
  11. "Dubai firm buys Travelodge hotels". BBC News. 18 August 2006. Retrieved 2010-05-01.
  12. AME Info "Dubai Holding entity becomes third largest shareholder in DaimlerChrysler"
  13. John, Isaac. "Dubai Int'l Capital buys 3.12pc stake in EADS" , Khaleej Times Online , 2007-07-06.
  14. "Reds revel in £450m takeover talk". BBC News. 4 December 2006. Retrieved 2010-05-01.
  15. "Dubai International Capital ends takeover talks with Liverpool FC". Forbes.com. 31 January 2007. Archived from the original on 2 February 2007. Retrieved 2008-03-10.
  16. "DIC pulls out of Liverpool deal". The Guardian. London. 31 January 2007. Retrieved 2008-03-10.
  17. "Consortium pulls out of Reds bid". BBC News. 31 January 2007. Retrieved 2008-03-10.
  18. "Hicks plots total control of Reds". BBC News. 4 March 2008. Retrieved 2008-03-10.
  19. "Reports - Reds reject DIC bid". Sky Sports. 4 March 2008. Retrieved 2008-03-10.
  20. "DIC deal not dead yet". Sky Sports. 5 March 2008. Retrieved 2008-03-10.
  21. "Hicks ends talks with Dubai group". BBC News. BBC Sport. 10 March 2008. Retrieved 2008-03-10.
  22. "DIC not in fresh talks". Sky Sports. 15 September 2008.

External links

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