Abu Dhabi Investment Council Shuffles Board and Management
The Abu Dhabi Investment Council (ADIC) was issued a royal decree which entails a slight restructuring of the fund’s board of directors. Sheikh Mohammed bin Zayed Al Nahyan was named chairman of the board of the ADIC. He is the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces. Mohammed bin Zayed Al Nahyan replaced Sheikh Khalifa bin Zayed Al Nahyan as the wealth fund’s chairman. According to the decree, other board members have been retained for another term.
New Managing Director
Isa Mohammed al-Suwaidi was named managing director of the ADIC, replacing Khalifa Mohammed Al Kindi
The ADIC is another investment arm of the Abu Dhabi government and was formed in 2007. The wealth fund also holds stakes in major Gulf banks like the National Bank of Abu Dhabi and Abu Dhabi Commercial Bank.
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