Emirates Strategic Investment Company

IDENTITY

Vision

To be a leading international strategic investment company by identifying, optimising and realising the assets and companies in which it invests.

Values

ESIC’s Corporate Values are founded on:

  • Accountability
  • Responsibility
  • Transparency
  • Fairness
  • Trust

Profile

A prominent investment company Emirates Strategic Investment Company LLC (ESIC) is mandated to achieve significant financial returns by means of amalgamating assets with primary focus on real estate, equity investments and other specialised investments; positioning and integrating ESIC’s diversified portfolio within the global economy.

HISTORY

Over the past decade the Group along with its affiliates has engaged in diversified equity investments within prominent companies across a range of sectors. Some notable investments include First Abu Dhabi Bank (FAB), First Energy Bank & Air Arabia. Typically by implementing an approach with a methodical evaluation of economic drivers and industry fundamentals we have structured a sustainable, liquid and long-term investment portfolio producing 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 business of real estate, 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. Ever since its inception the Group has grown an extensive diversified investment portfolio, 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.

ORGANISATION

CEO Message

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 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; while communication is vital for our culture to remain perpetual.

Additionally we pride ourselves on being ambitious and sincere, fostering ESIC with strong commitments to customers, communities, employees, shareholders and the environment. ESIC’s leadership, vision brings 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 in striving toward its vision of industry leadership and its sustainability goals. Our commitment will continue in working to extend our performance in areas where results are already strong, while diligently identifying the greatest opportunities for continued growth.

Thank you for your ongoing interest in ESIC.

Group Chief Executive Officer

Portfolio

Investment Model


Principles

ESIC maintains an objective of generating adequate level of returns by making disciplined investments.

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Principles

ESIC maintains an objective of generating 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 Optimisation Strategy
  • Realise Value

Our set of principles couple into an investment philosophy that is oriented in delivering stable returns over the long-term while minimising risk.

Identify

ESIC seek investment opportunities within sectors that generate a satisfactory level ..

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Identify

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.

Optimise

ESIC contributes financial, strategic and human resources to drive transformational growth ..

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Optimise

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:

  • Trigger Growth Levers
  • Robust Corporate Governance
  • Adaptation of Organisation
  • Organic Growth
  • Innovation
  • Business Model Enhancement

Realise

Though we take long-term views, due to the nature of our fluid business model ..

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Realise

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.



Group Investments


Rental Property Portfolio

As a full-service property management agency, the Group represents clients exhibiting ..

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Rental Property Portfolio

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 extensive recurring income stream of its real estate investment portfolio consists of both residential and commercial units; totaling approximately 1,220 residential units and 243 commercial units. The commercial units comprise mainly of retail stores, offices, and serviced hotel apartments leased to third parties. The real estate portfolio is primarily located in Abu Dhabi and Dubai.

Development Property Portfolio

The Group has long standing presence in real estate acquisition & development ..

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Development Property Portfolio

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.

Financial & Equity Investments

The Group’s global diversified investment portfolio is a strong risk-adjusted..

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Financial & Equity Investments

The Group’s global diversified investment portfolio is a strong 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 about the industries it invests with a successful history of investing in and supporting companies through active partnership with other shareholders to pursue areas of improvement.  

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Corporate Governance

Principals

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 strict, clearly-defined rules and on absolute trust between the Executive Board and its Committees.

ESIC’s Corporate Governance Principles and Values are founded on:

  • Accountability
  • Responsibility
  • Transparency
  • Fairness
  • Trust

Executive Board of Directors

The Executive Board of Directors has an overriding and is largely responsible for the company’s absolute governance, liaison with its committees and its shareholders.

The Board will monitor financial performance, external communication and collectively direct the company affairs whilst meeting expectations of shareholders and stakeholders.

Further to business and financial aspects; the Board recognises the importance of periodical board meetings in order for directors to discharge their responsibility to manage the company's strategy, policy and monitor delegated authorities to facilitate individual directors reporting on their particular areas of responsibility.

Mr. Khalid Deemas Al Suwaidi

ESIC Chief Executive Officer - Vice Chairman of the Executive Board of Directors

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Mr. Khalid Deemas Al Suwaidi

ESIC Chief Executive Officer - Vice Chairman of the Executive Board of Directors

Mr. Khalid Deemas Al Suwaidi was appointed CEO of Das Holding in 2007, having extensive experience as a successful leader and dynamic reformer of business units and corporations.

Throughout his tenure at Das Holding, Mr. Al Suwaidi has been instrumental in delivering business strategy, productivity improvements, operational efficiencies and major restructuring initiatives. His strong track record managing large, complex teams and motivating employees to deliver results will ensure Das Holding remains a sustainable and profitable organisation.

Mr. Al Suwaidi has over 25 years of extensive banking experience in the Middle East in various banking disciplines. He commenced his career when he first joined National Bank of Abu Dhabi in 1995 and in 1998 was recruited by First Gulf Bank to take on the role as Manager of Commercial and Private Banking. He later rejoined National Bank of Abu Dhabi in 2000 as the Head of Retail Banking Group.

Furthermore; Mr. Al Suwaidi presently holds several key positions across different organisations and industries including; Vice Chairman - Abu Dhabi National Takaful, Board Member - Abu Dhabi Commercial Bank & Manazel Real Estate. Moreover Mr. Al Suwaidi served on the Corporate Governance & Board Audits Compliance Committees of ADCB for a period of 5 years.

Mr. Al Suwaidi holds a Master of Business Administration degree from Widener University, USA.

Mr. Matar Al Bloushi

ESIC Chief Investment Officer - Member of the Executive Board of Directors

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Mr. Matar Al Bloushi

ESIC Chief Investment Officer - Member of the Executive Board of Directors

Mr. Matar Al Bloushi was appointed CIO of Das Holding in 2007. He is responsible for leading the investment program at Das Holding as well as having overall executive responsibility for the group.

During the almost 13 years at Das Holding, Mr. Al Bloushi has led the sourcing, execution, management and realisation in delivering investment strategies across various industries and geographies. His expertise lies in identifying potential investment opportunities and businesses in a strong market position with growth potential, strong cash flows and significant opportunities to improve operational performance.

Mr. Al Bloushi has over 20 years of extensive experience in the Financial & Funds Management sectors in the UAE. His career is well distinguished serving at senior management levels at the National Bank of Abu Dhabi including Senior Asset Manager, Head of Domestic Capital Markets and Head of Forex & Commodities. Prior to joining NBAD, he served as the Head of Treasury & Investment Division of First Gulf Bank, Portfolio Manager at Abu Dhabi Investment Company and Dealer at the Treasury Department of the UAE Central Bank.

Additionally; Mr. Al Bloushi presently holds several key positions across different organisations and industries including; Chairman - Maalem Holding, Board Member - First Energy Bank Bahrain, Etisalat Egypt, Air Arabia & Al Salam Bank.

Mr. Al Bloushi holds a BA Degree in Banking & Financial Management from the University of Arkansas.

Mr. Naser Al Zaabi

ESIC Chief Operating Officer - Member of the Executive Board of Directors

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Mr. Naser Al Zaabi

ESIC Chief Operating Officer - Member of the Executive Board of Directors

Mr. Naser Al Zaabi was appointed COO of Das Holding in 2007. He plays an important leadership role within the group managing across disciplines while having exposure to working with multi-disciplined boards and government entities.

During the past 13 years at Das Holding, he developed strategic operational planning models and embarked on the continuous improvement of systems and change management within the corporate structure. His management and vision is essential as it ensures that the group has the proper operational controls, administrative & reporting procedures and people systems in place to effectively grow the organization to ensure financial strength and operating efficiency.

Mr. Al Zaabi has substantial experience in the UAE banking sector having worked at the National Bank of Abu Dhabi for over 13 years, having an illustrious career serving at senior management levels at NBAD including; Head of Elite Banking and Retail Branch Management.

Additionally; Mr. Al Zaabi presently holds several key positions across different organizations and government sectors including; Advisor of Minister of Federal Supreme Council Affairs Office - Ministry of Presidential Affairs (MOPA), Chairman - Southern Sun Hotel Abu Dhabi, Chairman - Dusit Thani Hotel Abu Dhabi, Chairman - Tawasul Transport, Chairman - Yas Health, Board Member - Abu Dhabi National Takaful, Manazel Real Estate & Planet Tax Free.

Mr. Al Zaabi holds a BA Degree in Science - Marketing & Management from The University of Mount St. Joseph USA.

Mr. Sayed Shaheryar

ESIC Chief Financial Officer - Member of the Executive Board of Directors

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Mr. Sayed Shaheryar

ESIC Chief Financial Officer - Member of the Executive Board of Directors

Mr. Shaheryar Syed is qualified Fellow Chartered Accountant from one of the big 4 international audit firm having previously worked with various multinational companies, have post qualification experience of over 20 years and have been working in UAE since 1999.

Mr. Shaheryar joined Das Holding in December 2007 as Financial Controller. During 2013 he was assigned with the strategic position as a Group Chief Financial Officer. In this position, Mr. Shaheryar is responsible for the overall group financial strategy and direction at Das Group. He guides the controller, treasury, shareholder relations, accounting, tax, and other functions of the company to pursue the company’s aggressive growth strategy and meet its clients’ and investors’ expectations.

Prior to joining Das Group, Mr. Shaheryar held the position of Head of Finance under the company of Petrofac Group (Listed in London Stock Exchange). He has also worked in the audit and assurance practice at PWC and Arthur Anderson. Through his nearly 22-years career in accounting, auditing and financial planning, he established a reputation for building work-class teams and for aligning financial and business metrics to support business strategy and high-growth.

His significant achievement in Das Group include:

  • Finalized successfully various agreements with the joint venture partners;
  • Managed centralized finance function for the Group and restructuring of group banking facilities;
  • Structuring of the Group-wide Finance Function.

Mr. Walid Jaafar

ESIC Group General Counsel - Member of the Executive Board of Directors

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Mr. Walid Jaafar

ESIC Group General Counsel - Member of the Executive Board of Directors

Mr. Walid Jaafar was appointed to the position of Group General Counsel at Das Holding in 2011.

Mr. Jaafar being a qualified lawyer and is registered with the Beirut Bar Association has over 30 years of work experience including 16 years in banking prior to joining DAS holding.

Over the years, Mr. Jaafar has worked as an in house General Counsel and in private practices; holding the position of Head of Legal in Barclays Bank UAE and acted as Compliance Officer and MLRO for a DFSA regulated entity. He has been instrumental in exercising and advising on cross border transactions which include joint ventures, mergers & acquisitions and company restructuring across different sectors and industries.

Additionally Mr. Jaafar is a Board Member of Burj District Development a real estate entity.

Mr. Jaafar holds a Bachelor of Science in Business Administration from the Lebanese American University in Beirut, Lebanon and a BA in Law from La Sagesse University in Beirut, Lebanon.

Dr. Jaafar Badwan

ESIC SVP Strategy & Investment - Member of the Executive Board of Directors

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Dr. Jaafar Badwan

ESIC SVP Strategy & Investment - Member of the Executive Board of Directors

Dr Badwan, senior executive banker with over 39 years in banking industry driving corporate strategies, fund management and investment banking, through strategic decision-making, market analysis and risk management.

In addition, Dr. Badwan has an extensive experience portfolio management, raising and structuring equity and debt capital for public and private companies in a variety of industries in MENA region.  

He joined many reputable financial institutions in senior positions such as Kuwait Investment Co., FAB, UAE Central Bank. Furthermore, Dr Badwan was board member at Jordan Dubai Islamic Bank.

Dr Badwan is an economist with proven track record in economic research focusing mainly on forecasting economic and financial markets trends.  

In late 2007 he published an article in Forward Magazine forecasting the stock market crash of 2008.



Executive Committee

The Executive Committee is responsible for defining, implementing and monitoring all aspects of the ESIC’s strategy. These include the diversification of our investment sectors and asset classes, deployment, fundraising and the analysis of our market environment. The Executive Committee will also oversee the operational performance of our investments, HR development and our CSR policy.

Risk Committee

The Risk Committee is commissioned by the Executive Board of Directors with an underlying task of assisting the Board in its oversight of maintaining a dynamic approach to risk management; having particular emphasis on:

  • Evaluating & Recommending on ESIC’s Risk Exposure & Tolerance
  • Risk Profile
  • Integrating Risk Policies & Procedures
  • Risk Governance Structure
  • Risk Operational Deficiencies
  • Investment & Financial Risk Limits
  • Effectiveness of ESIC’s Risk Management Framework in Supporting the Group

The Committee’s extensive set of skills and experience emanate together to consider how ESIC manages Group risk. Each member shall be entitled to rely on the consistency, accuracy & totality of information provided to the Committee.

Investment Committee

The Investment Committee manage the existing investment portfolio, vet new investment opportunities and contribute to the business & investment planning.

The Investment Committee are tasked with the following responsibilities:

  • Investment team oversight
  • Establish guiding principles for investment activities
  • Endorse investment strategy
  • Endorse new investment opportunities
  • Monitor & manage investment portfolio
  • Endorse divestiture strategies of existing investments
  • Endorse financing instruments
  • Measure and prepare portfolio reviews, divestiture reviews and forthcoming investment strategies for the purpose of delivering reports and budgets

Audit & Compliance Committee

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.

Tasked with the crucial role of overseeing ESIC’s financial reporting processes, internal controls, audits of financial statements and quality of the auditor, ESIC’s compliance pertaining to legal & regulatory requirements; the audit committee remains independent to safeguard investors.

CSR STRATEGY

ESIC has a genuine view on its corporate responsibilities (“CSR”) by committing to advance the policies and systems across the Group addressing all aspects of CSR that are relevant to the business.

These include ethical conduct, employee wellbeing, health and safety, sustainability of environment and community involvement. We appreciate that our social, environmental and ethical conduct has an impact on our reputation, which is why ESIC is committed to continual improvement.

As part of our active investment approach, we engage with the senior management of our portfolio companies on a regular basis to ensure they have a deep understanding of our core values pertaining to CSR.

The Board is ultimately accountable for CSR and is committed to implementing and enhancing appropriate policies while remaining steadfast to a fundamental commitment in sustaining long term value for shareholders and all stakeholders.

Contact us

Address

Dusit Thani Complex – Office Building Sultan Bin Zayed The First Street P.O. Box: 161, Abu Dhabi - UAE

Call Us

+971 2 444 1443

Office Hours

Sunday to Thursday
08:00 AM – 04:00 PM

Website

esic.ae

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