Shareholders
   
 
  Istithmar
  Istithmar is a major investment holding company based in the United Arab Emirates ("UAE"). Istithmar is a private joint stock company owned by members of the ruling family of Dubai. Incorporated in June 2003, Istithmar co-ordinates the appraisal and implementation of numerous entrepreneurial ventures and investment proposals.
Istithmar was originally created to centralize investments made by the Dubai Ports, Customs and Free Zone Corporation and companies under a common management (collectively referred to as the "Group"). This includes Nakheel Co LLC, Dubai Metals and Commodities Centre and Tejari FZ LLC (an electronic marketplace).
Istithmar’s goal is to nurture projects in various sectors, including financial services, real estate, industrial and consumer sectors. Istithmar acts as a business partner, providing financial leverage to help establish chosen projects. In addition to providing financial capital, Istithmar also offers managerial excellence in business development, presenting a “single window of opportunity” for corporations and private investors.
Istithmar is committed to maximizing the return on investment for its shareholders, and its current focus is on investment opportunities within Dubai, the UAE and internationally. As of 31st January 2005, Istithmar’s portfolio of investments was approximately $515 Million.
   

 

Dubai Islamic Bank

 

DIB

(DIB) is a public company traded on the Dubai Financial Market. Established in 1975, the bank enjoys a reputation as a leader and innovator in maintaining the quality, flexibility and accessibility of its products and services. In a very short space of time it has created market leading services and products that are setting benchmarks for the rest of the sector.
The bank’s recent financial results confirm the strength of its balance sheet. The bank’s assets at the end of December last year had grown 35 per cent in the same period to $8.3 billion, versus $6.2 billion for the prior year.
The bank has been proactive in creating partnerships and alliances at local and international levels. In addition to its role as a founding shareholder in Ensec, DIB has also shown its outstanding capabilities by being appointed to provide specialist financial solutions for huge developmental projects within the UAE, one of which led to the world record US$1 billion Islamic bond issue. The issue was arranged for the Government of Dubai’s Department of Civil Aviation to raise funding for the second phase of the expansion of Dubai International Airport. The bank also managed financing of US$350 million for Nakheel. The financing made further capital available to build on Nakheel’s blue chip portfolio of developments such as The Palm in Dubai.

 
     
     

 

Island Capital

 

 

ICG

Island Capital Group is a real estate merchant banking firm specializing in real estate, real estate securities and securitization. It serves as the sole Managing Member of Island Fund I LLC, which owns various direct and derivative interests in a portfolio of real estate, real estate securities and development property investments that have a total capitalization in excess of $1 billion. Among these is Yacht Haven USVI, a $150 million mixed-use waterfront development in the United States Virgin Islands.
Island serves as the exclusive financial advisor to Emirates National Securitization Corporation (ENSEC), the UAE functional equivalent of Fannie Mae in the United States. Through its wholly owned affiliate, Island Emirates Securitization Holdings LLC, Island helped to found ENSEC and owns approximately 20% of the business in joint venture with several banks and the government of Dubai.