Principles
ESIC maintains an objective of generating an adequate level of returns by making disciplined investments.
Read more >To be a leading international strategic investment company by identifying, optimising and realising the assets and companies in which it invests.
ESIC’s Corporate Values are founded on:
A prominent investment company Emirates Strategic Investment Company LLC (ESIC) is mandated to achieve significant financial returns through amalgamating assets with a primary focus on real estate, equity investments and other specialized investments, positioning and integrating ESIC’s diversified portfolio within the global economy.
Over the past decade, the Group and its affiliates have engaged in diversified equity investments within prominent companies across various sectors. Some notable investments include First Abu Dhabi Bank (FAB) and Air Arabia. At our firm, we take a systematic approach to evaluating economic drivers and industry fundamentals in order to construct a sustainable, liquid, and long-term investment portfolio. This allows us to produce the best possible risk-adjusted returns by investing in companies that demonstrate sound management, strong financial performance, and strong corporate governance.
Additionally, the Group has redefined the real estate business, modernizing and advancing the industry by fostering a culture of partnerships in which all clients and listings are represented in an ethical and shared environment. Evolving the traditional model of how real estate is practiced, our forward-thinking property experts share their knowledge, areas of influence, contacts and expertise, ensuring clients a better representation and a true competitive edge.
Our approach has proven highly successful. Since its inception, the Group has grown an extensive diversified investment portfolio and property management portfolio constituting residential, commercial & retail properties. Additionally, the Group has vast residential & commercial sales experience and established itself as a prominent player in the real estate market, representing many of the country’s most visible & notable properties.
It all started over a decade ago with the UAE thriving and lending itself to our successful history of organic growth and strategic acquisitions by envisioning we could do things differently. This was the start of the journey that sets us apart today.
We developed a unique platform that equips us to capture opportunities wherever they emerge throughout the UAE. Bringing this vision to a life shaped our new company, and the same attitude remains in place today. The Group remains steadfast and driven by the same values that defined our early days with an entrepreneurial spirit committed to innovation and a focus on the long-term.
As our business evolves and economies transform, we adapt, and our business prolongs. Fundamental to our success is upholding strong corporate governance, instilling a sense of ownership making everyone accountable for their performance through a shared pioneering spirit. At the same time, communication is vital for our culture to remain perpetual. Additionally, we pride ourselves on being ambitious and sincere, fostering ESIC with solid commitments to customers, communities, employees, shareholders and the environment. ESIC’s leadership and vision bring together what we believe are the essential requisites for maintaining the long-term sustainability and growth of our Group.
Through integrated initiatives, ESIC will continue striving toward its vision of industry leadership and sustainability goals. Our commitment will continue to work to extend our performance in areas where results are already strong while diligently identifying the most significant opportunities for continued growth.
Thank you for your ongoing interest in ESIC.
Group Chief Executive Officer
ESIC maintains an objective of generating an adequate level of returns by making disciplined investments.
Read more >ESIC maintains an objective of generating an adequate level of returns by making disciplined investments on behalf of our shareholders and stakeholders. We adhere to a set core of underlying principles that determine our investment approach: Identify Opportunities Trigger Optimization Strategy Realize Value Our principles couple into an investment philosophy oriented toward delivering stable returns over the long-term while minimizing risk.
Our set of principles couple into an investment philosophy that is oriented in delivering stable returns over the long-term while minimising risk.
ESIC seek investment opportunities within sectors that generate a satisfactory level ..
Read more >ESIC seek investment opportunities within sectors that generate a satisfactory level of growth potential and a steady recurring revenue stream. We endeavor to identify the best investment opportunities in the sector based on specific and meticulous studies.
ESIC contributes financial, strategic and human resources to drive transformational growth ..
Read more >ESIC contributes financial, strategic and human resources to drive transformational growth and expedite value creation of its investments to realise their full potential.
Keys To Success:
Though we take long-term views, due to the nature of our fluid business model ..
Read more >Though we take long-term views, due to the nature of our fluid business model, ESIC has no timing imperatives and can therefore exit investments at the right time and/or by realising satisfactory value growth.
As a full-service property management agency, the Group represents clients exhibiting ..
Read more >As a full-service property management agency, the Group represents clients exhibiting its extensive range of asset classes, including a broad spectrum of property management services. The Group’s comprehensive recurring income stream of its real estate investment portfolio consists of both residential and commercial units, totaling more than 7,300 units. The commercial units comprise mainly retail stores and offices leased to third parties. The real estate portfolio is primarily located in Abu Dhabi and Dubai.
Please visit our real estate company page for more information: East & West International Group: www.eastandwest.ae
The Group has a long-standing presence in real estate acquisition & development..
Read more >The Group has long standing presence in real estate acquisition & development having particular focus on iconic residential and commercial project investments in the UAE. The depth and expertise the Group’s real estate segment yields a competitive advantage in identifying attractive high yielding real estate investment opportunities. The Group’s due diligence process evaluates the supply and demand dynamics in the selected market and repositions assets to enhance its existing land bank portfolio value.
Please visit our real estate company page for more information: East & West Properties: www.ewp.ae
In the vibrant heart of Dubai’s dynamic cityscape, discover the allure of Rixos Residential Project—a perfect marriage of contemporary living and lavishness. Comprising 231... Read More >
The project is to develop a residential tower in the Downtown area of Dubai, having 338 units comprising … Read More >
The objective of this project is to develop a master waterfront development spanning 3.4 million sq. ft, comprising 6 premium residential towers, commercial facilities, and community amenities... Read More >
The objective of the Six Senses project is to develop an ultra-luxury waterfront project on West Crescent of Palm Jumeirah, covering an area of 700,000 sq. Ft. The development will include 172 ultra-luxury residences... Read More >
The highly anticipated St. Regis Residences located on Financial Center Road in Dubai is the latest branded residential tower to be launched in the city. One of the most prestigious communities in the world, Downtown Dubai is synonymous with luxury and urban lifestyle at its finest... Read More >
The EDGE introduces an eclectic urban vibe to the city that is defined by its modern architecture and signature interior design of bold, contrasting color palettes... Read More >
The objective was to develop three towers which are made-up of a mix of affordable and high-end luxury apartments, with state-of-the-art facilities in the Dubai Marina comprising of over 1,400 residential units... Read More >
The Group’s global diversified investment portfolio is a strong risk-adjusted..
Read more >The Group’s global diversified investment portfolio is a solid risk-adjusted multi-strategy serving mature & emerging markets. Our approach is systematic, and our experience in global markets enabled us to avoid singular country strategies that experience downturns, are highly volatile, or have become saturated. We maintain our position in pursuing opportunities to build and grow sustainable, successful businesses in our target markets.
Our investment process includes detailed due diligence identifying companies with the potential to create sustainable, long-term value throughout shifting economic cycles. Our investment committee process for vetting transactions and continuous expansion enables us to maintain best practices.
Throughout the course of executing investments and operating portfolio companies, the Group fostered a team of professionals possessing sector-specific expertise, forging strong relationships with leading institutions and influential individuals. Moreover, the Group holds an extensive background in the industries it invests with a successful history of investing in and supporting companies through an active partnership with other shareholders to pursue areas of improvement. .
Moody's assigns Baa3 rating to ESIC’s $700 Million Sukuk issuance
To view the full report, please click here.
Moody's affirms ESIC's Baa3 issuer rating; stable outlook
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Emirates Strategic Investments Company: Update to credit analysis.
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Moody's announces completion of a periodic review for a group of REITs and Other Commercial Property Firms.
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Emirates Strategic Investments Company: Update to credit analysis.
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Moody's announces completion of a periodic review for a group of REITs and Other Commercial Property Firms.
To view the full report, please click here.
Emirates Strategic Investments Company: Update to credit analysis.
To view the full report, please click here.
Moody's announces completion of a periodic review of ratings of Emirates Strategic Investments Company.
To view the full report, please click here.
Emirates Strategic Investments Company: Update to credit analysis.
To view the full report, please click here.
Moody's announces completion of a periodic review of ratings of Emirates Strategic Investments Company.
To view the full report, please click here.
Emirates Strategic Investments Company: New issuer - Assignment of first-time Baa3 rating.
To view the full report, please click here.
Moody's assigns first-time Baa3 rating to Emirates Strategic Investments Company; stable outlook.
To view the full report, please click here.
Rating Action: Moody’s assigns (P)Baa3 rating
To access the Key Factors, simply login or register here or email us at contact@esic.ae .
ESIC financial year is the calendar year up to and including 31 December. Annual results are announced within 120 days after 31st of Dec of the following year. In addition, ESIC reports interim results for the six months to 30th of June each year, which are announced within 90 days after the end of the relevant interim period.
To stay informed of current affairs concerning ESIC, we suggest that you record key ESIC events in your diary - dividend payment date, key financial reporting dates and private stakeholder meetings.
Key financial reporting dates:
2024
Annual Results – December 31st
1st Half Results – June 30th
2023
Annual Results – December 31st
1st Half Results – June 30th
2022
Annual Results – December 31st
1st Half Results – June 30th
2021
Annual Results – December 31st
1st Half Results – June 30th
2020
Annual Results – December 31st
1st Half Results - June 30th
2019
Post Sukuk
Annual Results - 31-December
Pre -Sukuk
1st Quarter Results
2016, 2017 , 2018
Annual Results
To access the Investors Domain, simply login or register hereor email us at contact@esic.ae.
There are many reasons to become an ESIC investor, from the performance of the business sector to the attractive long-term returns.
ESIC is a partnership, a team supported by a professional network, the investment managers and our stakeholders.
Sharing this privileged partnership strengthens stability as the timeline, vision, and interests align.
ESIC generally seeks long-term sustainable value creation stemming from responsible investments, which combines stunning performance and measured risk at the core of our strategy.
To know more about our investment opportunities, simply login or register here or email us at contact@esic.ae
Good governance requires good dialogue, ESIC promises to deliver quality information that constantly meets stakeholder expectations via our extensive communication tools comprising various complementary media in different formats
The Stakeholders Letter
Financial Information
ESIC aims to provide individual stakeholders with more than the comprehensive, tailored information made available to all investors. ESIC has given another commitment; to promote substantial dialogue on our key centers of interest and particularly strategy and results. To this end, we arrange a series of opportunities for discussion.
We Seek Your Opinion
Web Conferences
To know more about our Investor Media Center, simply login or register here or email us at contact@esic.ae.
Visit our frequently asked questions to find additional information about ESIC Sukuk, Financial Reporting, Funding & Use Of Proceeds, Ownership & Company Structure.
ESIC has established US$ 1 billion MTN program. the new remaining issuing size is US$ 400 million. ESIC has no plan to issue sukuk for the foreseeable future.
We seek investment opportunities within sectors that generate a satisfactory level of growth potential and a steady recurring revenue stream. We endeavor to identify the best investment opportunities in the sector based on specific and meticulous studies.
Yes. strategic and high yielding assets has been identified and we are in the process of closing few deals with average yield of 9.5% annually.
ESIC would like to diversify away from one single business into a multiple sectors.
To be one of the leading international investment company by identifying, optimizing and realizing the assets and companies in which it invests.
This is Moody’s Standalone rating for ESIC.
At the moment we do not intend to, however, based on future requirements, we might plan on getting addition rating.
This could be a natural development for the future. However, it is still too early to start the process.
The Financials will be published and available on a semi-annual and annual basis.
Fair value is determine through the real intrinsic value of the asset at bargain price.
All assets are 100% owned by ESIC.
Yes, all dividends are upstreamed to ESIC.
ESIC does not have any capex needs for the coming few years, therefore dividend will not distrusted or deviate from current levels and expectations.
Maximum dividend payout is 30% yearly, depending on the net income and the future needs to grow the company at the planned rate.
ESIC has no plan to issue debt in any form for the foreseeable future.
Our risk and investment management are based on well-defined level of risk appetite, diversification and investment in high quality stable income generating assets. Our assets allocation takes into consideration long term outlook that factor in medium term cyclical forces.
ESIC does not provide or guarantee any funding at JV level.
FAB shares are one of our long term strategic investment that ESIC intends to keep as part of the core portfolio.
Ernst & Young
The sustainability purpose of Emirates Strategic Investment Company (ESIC) could be:
"To strategically invest in initiatives that promote long-term growth, support local communities, and minimize environmental impact, thereby contributing to a more sustainable and resilient future."
At ESIC, we are committed to conducting our business in a way that is responsible, sustainable, and aligned with the highest standards of environmental, social, and governance performance. We believe that by focusing on ESG factors, we can create long-term value for our stakeholders, including our customers, employees, shareholders, and the communities where we operate.
Our environmental strategy focuses on reducing our carbon footprint, conserving natural resources, and promoting sustainable practices throughout our operations. We are committed to reducing our greenhouse gas emissions and investing in renewable energy and energy efficiency initiatives. We strive to minimize waste and promote responsible resource use, and we work to ensure that our supply chain is environmentally responsible.
Our social strategy focuses on promoting social welfare, diversity, and inclusion, and ensuring that our operations have a positive impact on the communities where we operate. We are committed to supporting education, health, and poverty alleviation initiatives, and we work to ensure that our employees have access to fair and safe working conditions, equal opportunities for advancement, and a supportive workplace culture.
Our governance strategy focuses on upholding the highest standards of integrity, transparency, and accountability in all our business practices. We are committed to complying with all laws and regulations, and to maintaining ethical business practices and a culture of integrity. We prioritize shareholder rights and engagement, and we regularly engage with our stakeholders to ensure that our operations align with their expectations and needs.
We believe that our ESG strategy is essential to our long-term success and to creating value for our stakeholders. We are committed to continuously improving our ESG performance and reporting on our progress to our stakeholders in a transparent and accountable manner. We recognize that our ESG performance is integral to our reputation and to maintaining the trust of our stakeholders, and we are committed to being a responsible corporate citizen and a leader in sustainability and governance in our industry.
Sustainability typically encompasses three main pillars:
We focus on the well-being of people and communities. This involves promoting fair labor practices, ensuring health and safety in the workplace, fostering diversity and inclusion, supporting local communities, and contributing to the overall welfare of society.
This pillar pertains to the impact of human activities on the natural environment. This involves initiatives aimed at reducing carbon emissions, conserving resources, minimizing waste, promoting renewable energy, and adopting eco-friendly practices to mitigate ecological impact and address climate change.
We emphasize the long-term viability of economic systems by fostering economic prosperity, creating jobs, generating economic value in a responsible manner, and ensuring financial stability for both the organization and the communities in which we operate.
A Corporate Social Responsibility (CSR) statement is a public declaration of a company's commitment to social and environmental responsibility. At ESIC, we are committed to being a responsible corporate organization and making a positive impact on society and the environment. We believe that our success is closely linked to the well-being of the communities where we operate, and we strive to contribute to their growth and development.
Our CSR initiatives focus on three key areas: social welfare, environmental sustainability, and ethical governance. We work with local partners and stakeholders to identify the most pressing needs in each community and develop programs that address those needs in a sustainable and impactful way.
In the area of social welfare, we prioritize initiatives that support education, health, and poverty alleviation. We support programs that help individuals and families overcome financial hardship and build resilience.
In terms of environmental sustainability, we are committed to reducing our carbon footprint and promoting sustainable practices throughout our operations. We invest in renewable energy and energy efficiency initiatives, and we work to minimize waste and promote recycling and responsible resource use.
Finally, we prioritize ethical cooperate governance and transparency in all our business practices. We are committed to upholding the highest standards of integrity and ethical behavior, and we regularly engage with our stakeholders to ensure that our operations align with their expectations and needs.
At ESIC, we believe that CSR is not just a box to tick, but a fundamental part of our business strategy. We are committed to continuous improvement and creating a positive impact on the world around us.
ESIC has adopted a two-tiered governance structure consisting of an Executive Board and Committees. Governance is based on a strict separation of management functions fulfilled by the Executive Board and oversight functions performed by the Committees. ESIC governance relies on rigid, clearly-defined rules and absolute trust between the Executive Board and its Committees.
The Executive Board of Directors has an overriding and is mainly responsible for the company's absolute governance and liaison with its committees and shareholders.
The Board will monitor financial performance and external communication and collectively direct the company affairs whilst meeting the expectations of shareholders and stakeholders.
Further to business and financial aspects, the Board recognizes the importance of periodical board meetings for directors to discharge their responsibility to manage the company's strategy and policy and monitor delegated authorities to facilitate individual directors reporting on their particular areas of responsibility.
The Executive Committee oversees all aspects of the ESIC's strategy, including diversification of investment sectors and asset classes, deployment, fundraising, and market environment analysis. The Executive Committee will also oversee the operational performance of investments, HR development, and our CSR policy.
The Executive Board of Directors commissions the Risk Committee with an underlying task of assisting the Board in its oversight of maintaining a dynamic approach to risk management; having particular emphasis on:
The Committee's extensive skills and experience contribute to considering how ESIC manages Group risk. Each member shall be entitled to rely on the consistency, accuracy & totality of information provided to the Committee.
The Investment Committee is responsible for managing the existing investment portfolio, vetting new investment opportunities and contributing to business and investment planning.
The Investment Committee are tasked with the following responsibilities:
ESIC's audit & compliance committee is an essential pillar of effective corporate governance and is the sound body to offer effective oversight of the company's performance, independence and objectivity.
The audit committee is responsible for ESIC's financial reporting processes, internal controls, financial statements and auditor quality audits, and ESIC's compliance with legal & regulatory requirements. The audit committee is independent of safeguarding investors.
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