Dubai Holding, has announced that Dubai International Capital LLC (‘DIC’), its international investment arm, has been ranked in the top ten percentile, against regional and global benchmarks, in the TRI*M 2007 Employee Satisfaction Survey. TRI*M is a global leader in customer stakeholder management research, and part of TNS, a global market information and insight group.
H.E. Mohammed Al Gergawi, Chairman of Dubai Holding said: “DIC made outstanding progress in 2007 under Sameer Al Ansari’s leadership. Sameer Al Ansari and the Dubai International Capital team have built a highly profitable international investment company in a remarkably short time and these exceptional results reflect DIC’s high standards of corporate governance and high levels of employee satisfaction. The results reinforce the UAE’s status as a career destination for talented professionals in the financial sector and also demonstrate its position as a leading global financial centre.”
Sameer Al Ansari, Executive Chairman and CEO of DIC said: “DIC has achieved a great deal in a short time with a significant investment push into Asian markets this year and the closing of several major transactions in 2007. We are building on this momentum with an ambitious recruitment drive at a senior level with a target of 130 employees by the end of 2008 compared to 85 in 2007. We are hiring the resource and senior talent we need for the next phase of DIC’s ambitious growth strategy.”
The assets under management of Dubai International Capital now total over US$12 billion with a target to double assets under management to US$25 billion within the next two years. DIC has been profitable since its inception in 2004 and has earned global recognition as a world class investment company.
DIC Emerging Markets division made its first direct investment in the region with the family-owned Rivoli Group, a luxury retail chain based in the UAE. DIC’s Jordan Dubai Capital, a US$300 million fund, acquired a 51% stake in the Central Electricity Generating Company through its energy investment arm ENARA Energy Arabia. DIC recently announced the launch of China Dubai Capital, a $1billion fund to invest in China in partnership with First Eastern as well as Saudi Dubai Capital, a $1 billion fund to invest in KSA.
About Dubai International Capital:
Established in 2004, DIC is an international investment company focused on both private equity and public equity. A wholly-owned subsidiary of Dubai Holding, DIC manages an international portfolio of diverse assets that provide its stakeholders with value growth, diversification, and strategic investments. Assets under management total over US$12 billion. DIC was named MENA Private Equity Firm of the Year in the 6th annual Awards for Excellence in Private Equity Europe 2008, organised by Dow Jones Private Equity News.
About the survey:
The survey results were measured by the TRI*M model which gives a single number score representing the level of employee commitment including overall satisfaction, recommendation, rejoining, motivation of colleagues and market strengths.
In the findings, 85% of DIC employees believe DIC has a strong reputation in the market which reflects that staff are proud to be working for the firm. 83% of employees would recommend DIC as a company to work for, compared to 74.5% in 2006.