Investment Corporation of Dubai and Samsung Life Insurance Create MoU
Under the direction of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Investment Corporation of Dubai (ICD), a sovereign wealth fund owned by the Government of Dubai, signed a memorandum of understanding (MoU) with Samsung Life Insurance. Samsung Life Insurance is a South Korean-listed life insurer and part of the diversified Samsung group of companies. The purpose of the memorandum is to form an alliance to explore international opportunities in the life insurance sector, with a strong focus in emerging markets.
HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and ICD Board member, added that “the alliance demonstrates renewed business confidence in Dubai and the UAE and further reinforces ICD as a strategic investment partner for global multi-national organizations due to its commitment to growth and expansion in the region.”
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