Since the early 1990s, Emirates International Investment Company (EIIC) has been one of the significant investment companies in the UAE, the MENA region, and globally.
Emirates International Investment Co LLC is a long-term investor that seeks sustainable growth and value creation across its investment portfolio.
EIIC is an active player in the private equity space with focus on direct investments, co-investments and fund investments around the world. EIIC has invested significant capital in various geographies, primarily in the Middle East, North Africa and the United States. The Group actively seeks high potential investment opportunities with quality partners around the world.
Spinneys 1961 Holding plc (the “Company” or “Spinneys”), an operator of premium grocery retail supermarkets under the “Spinneys”, “Waitrose” and “Al Fair” brands in the UAE and Oman, with plans to open in the Kingdom of Saudi Arabia in 2024, today announces the price range for the sale of its shares (the “Shares”, each a “Share”) (the “Offer Price Range”) and start of the subscription period for its initial public offering (“IPO” or the “Offering”) on Dubai Financial Market (“DFM”).
Read more
Chime® is a financial technology company that believes basic banking services should be helpful, easy, and free. Together with our bank partners, we offer better banking products and services by addressing the fundamental misalignment in the industry between what’s good for banks and what’s good for consumers.
Read more
Kraken is a cryptocurrency exchange based in San Francisco where market participants can trade various cryptocurrencies bought or sold with fiat currencies. As of March 2024, Kraken was the world’s sixth-largest cryptocurrency exchange, with an average daily trading volume of roughly $965 million.
Read more
Voyager Space is a leading space company focused on advancing humanity’s future through space exploration, innovative technologies, and protecting our planet. They invest in and collaborate with various space companies, aiming to create a vertically integrated NewSpace company capable of delivering any space mission. Their projects include Starlab, a commercial space station, and Bishop Airlock.
Read more
xAI is a company working on building artificial intelligence to accelerate human scientific discovery. We are guided by our mission to advance our collective understanding of the universe.
Read more
A fintech company with a mission of enabling inclusion through point-of-sale financing. Less than 4% of Egyptians have access to credit cards and can only afford to purchase products/services with cash that they have saved or are forced to borrow from hard money lenders at high interest rates. We’re changing this by enabling all consumers to instantly receive credit within minutes at their favorite merchants.
Read more
Founded in 2011, Jade Capital is the pioneer private equity exclusively focusing on logistics, TMT, and environmental protection. Its investment fields cover industries such as artificial intelligence big data, enterprise SaaS and services, B2B supply chain platforms, and intelligent network connections. Since its inception, Jade has backed in nearly 50 of China’s most promising companies and identified a number of unicorns along the way. Some of the firm’s landmark investments include SF Holdings (SZ: 02352), Xiaomi Group (HKG: 1810), Tongcheng Yilong (HKG: 0780), Lakala (SZ: 300773), Zhongji Innolux (SZ: 300308), Sanchao New Materials (SH: 300554), Didi Freight, Snail Game. Jade is proven to be one of the most successful long-term investors in these fields.
Read more
The First All-Encompassing Financial Platform Built for SMEs.
Tribal comprehensive solution transforms how SMEs operate, allowing for instant payments domestically or internationally, hassle-free FX operations, on-demand revolving financing, or advanced controls and analytics functionalities to turbo-charge your operation.
Read more
The company is proud that the signing of the partnership contract for shareholders took place on the same day12/28/2004 AD in the friendship Hall in Khartoum, in the presence and blessings of all arab ministers of industry present in Sudan that day.It is the first Sudanese Gulf manufacturing institution. The company is also proud of it a joint venture that enjoys the support and acceptance of major international financial institutions
The Islamic Corporation for the Development of the Private Sector is one of the strong arms islamic Development Bank. As well as from the Arab investment Company as one of the investment arms of the League of Arab States.
EIIC has made investments in several key regional and international companies. Listed below are the principal ones:
Abu Dhabi Islamic Bank (ADIB) was established by Emiri Decree in 1997 and began commercial operations in late 1998. As one of the first banks to promote Islamic banking globally, ADIB is a Public Joint Stock Company and carries out all its activities – including contracts, operations and transactions – in accordance with Islamic Shariah principles, under the core guiding principle of ‘Banking as it should be’.
Read more
ADIB-Egypt focuses on a broad spectrum of Shariah-compliant banking solutions, catering to the needs of corporate and retail customers. Aiming at integrating services, the bank has developed state-of-the-art infrastructure and established an investment banking arm (ADIB Capital Egypt), a leasing company (ADILease) and an asset management division (ADIB Invest).
Read more
Since its inception over 30 years ago, Abu Dhabi National Hotels (ADNH) has expanded greatly, now owning and operating hotels in Dubai, Abu Dhabi and Al Ain. Its Al Diar Hotels division owns 10 hotels across the UAE. Complementing its hotel activities, ADNH also operates a catering division, cleaning services, taxi and chauffeur services, fleet leasing and short, medium and long-term car rental. The company has recently acquired a portfolio of Address Hotels in the UAE.
Read more
Reem Finance provides customized financing solutions that allow clients to broaden their portfolios through backed financial scale-up.Headquartered in Abu Dhabi and licensed by the Central Bank of the UAE, Reem Finance is a private joint-stock company that offers financial solutions to facilitate business growth and advance trade capacity for private entities within various sectors.
Read more
mimojo is the the UAE’s fully automated cashback platform that puts you in control of your savings. The idea is that with mimojo you won’t need to open your app to redeem a discount.
Read more
A global investment firm founded in Europe in 1985, under the Schroder Ventures name. We became Permira in 2001.
Today, we have more than 500 people in 15 offices spanning Europe, the United States and Asia.
Our Buyout, Growth Equity and Credit funds have total committed capital of approximately €80bn, have backed hundreds of businesses around the world, investing across multiple cycles
Read more
Spinneys 1961 Holding plc (the “Company” or “Spinneys”), an operator of premium grocery retail supermarkets under the “Spinneys”, “Waitrose” and “Al Fair” brands in the UAE and Oman, with plans to open in the Kingdom of Saudi Arabia in 2024, today announces the price range for the sale of its shares (the “Shares”, each a “Share”) (the “Offer Price Range”) and start of the subscription period for its initial public offering (“IPO” or the “Offering”) on Dubai Financial Market (“DFM”).
Read more
EIIC is a significant and long-term investor in the capital markets and other financial investment opportunities. While the investment focus is mainly on the UAE and the wider MENA region, the company also actively looks for investments opportunities in global markets. The Group’s investment philosophy aims to generating superior, risk-adjusted returns on a long term basis.
Established in 2018, Entrust is a boutique firm offering asset management and financial advisory services to family offices and institutional clients across the MENA region. We connect regional clients with investment opportunities around the globe across sectors and asset classes by leveraging our unique experience to cater to their needs and investment priorities.
Read more
Joseph Iskander
Chief Executive Officer
Joseph has over two decades’ experience in the financial services industry, covering asset management, private equity, portfolio management, financial restructuring, research, banking, and audit. Prior to assuming his role as Entrust Capital CEO, Joseph joined Emirates International Investment Company (EIIC) in July 2017 as Head of Investments where he is responsible for spearheading and managing EIIC’s investments.
Joseph began his career at Deloitte & Touche (Egypt) as an Auditor, before working as an Investment Advisor for Egypt’s Commercial International Bank (CIB) and then as Head of Research for Egypt’s Prime Investments. In 2004, he joined Dubai Group as an Investment Manager working on a range of M&A transactions, advisory services, asset management, and private equity transactions with a collective value in excess of USD 8 billion. He then moved on to work as Head of Research for Dubai Capital Group, until 2009 when he joined Dubai Group as their Managing Director of Asset Management.
Joseph served as Non-Executive Director on the boards of EFG Hermes in Egypt, Oasis Capital Bank in Bahrain, Sun Hung Kai & Co in Hong Kong, Qalaa Holdings in Egypt, Emirates Retakaful in UAE, Marfin Laiki Bank in Cyprus, and Marfin Investment Group in Greece. He is currently a non-executive board member on ADIB Egypt, Taqa Arabia and PetroNor. He holds a Degree in Accounting and Finance with high distinction from Helwan University, Egypt.
Amro Diab
Head of Business Development
Amro Diab brings over 25 years’ experience in investment banking and brokerage and is currently the Chief Operating Officer at Entrust Capital, as well as Acting Chief Operating Officer at EIIC. He also holds various Board and committee member positions in companies owned by National Holdings and affiliate companies.
Prior to joining EIIC, Mr. Diab started at EFG- Hermes and evolved from working on the first Egyptian privatizations projects as an analyst to leaving the Advisory in 1995 and moving on to stock brokerage where he was responsible for sales to local retail and foreign institutional clients to even participated in creating the first Egyptian stock market index known as the EFG- Hermes index.
In 1999 he set up a lower GCC sales desk for EFG-Hermes and built a team to handle relationships across the Middle East ex Saudi Arabia. That experience was much a needed help on his move to Dubai to help set up the first brokerage operation outside of Egypt. Having his client base was a major factor in getting EFG- Hermes Brokerage UAE up to speed and swiftly reaching the top ranks in both Dubai and Abu Dhabi.
Mr. Diab was instrumental in establishing the GCC institutional client desk where he spearheaded the cross selling of different GCC market through creating a one stop shop brokerage company. Building on the client base and recognizing the need to a bigger challenge across all companies’ business lines and not only brokerage, Mr. Diab decided to move along with EFG- Hermes UAE CEO and set up a coverage department with the main aim of maintaining the client relationships along with cross selling the company’ product line. Being a part of that team helped him originate Investment banking deals, raise money for the EFG- Hermes asset management along with expanding the brokerage company’s reach and client base.
In Early 2017 Mr. Diab decided to leave EFG-Hermes and pursue his career path with Emirates International Investment company (EIIC) where he is currently the Acting COO. In 2019 EIIC set up Entrust Capital Limited, a category 3C authorized asset management company in Dubai International Financial Centre with the aim of managing EIIC and, other family offices investment.
Hawary Marshad
Chief Financial Officer
Experienced in financial leadership roles, Hawary joined EIIC in February 2018 as the CFO. Under his current role, he leads the finance, accounting, and treasury functions, while working closely with the senior management of the Group to provide direction and support.
Before joining EIIC, Hawary was CFO of Deyaar Development, a fully integrated real estate development and management company. At Deyaar, he initiated a strategic five-year plan with a focus on diversification to counter the cyclical nature of real estate.
Prior to Deyaar, Hawary was the Group CFO at Zabeel Investments, a company which had significant investments in real estate, private equity, and capital markets. He led the financial restructuring of the group and oversaw the completion of several key projects. Hawary was the Head of Finance for a Saudi FMGC conglomerate, where he was a key member of senior management, including the acting COO for the last 18 months.
Hawary began his career in auditing at a public accounting firm in Dubai and earned his CPA in 1994. He worked at Ernst & Young for 11 years moving up to Executive Director during his last three years there. His main areas of focus were audit, accounting, valuation and due diligence, consulting, and internal audit services. He earned his Bachelor of Business Administration (BBA) with a major in Finance from the University of Houston in 1990.
Bassim Kanaan
General Counsel
Bassim Kanaan started his legal career in private practice at major law firms in Lebanon handling a wide range of commercial and corporate matters, with a particular emphasis on Banking, Finance and Capital Markets.
In 2006, Bassim joined the Saudi Oger/Hariri Family Group where he acted as deputy-General Counsel for 12 years, advising on all investments and related activities of the Group as well as the Group’s complex and sophisticated cross border transactions; he was responsible for providing the legal support on all major international financing and project financing transactions of Saudi Oger and its affiliates.
In 2017, Bassim took the role of Group General Counsel of Bankmed sal, one of the major banks in Lebanon and owned by the Hariri Family. For four years at Bankmed, he advised the Board on all legal matters and managed the legal affairs of the bank across all its local and international units.
Bassim joined the National Holding Group in 2021 taking the role of General Counsel at Emirates International Investment Company. Besides handling the legal affairs of EIIC and its subsidiaries, he provides legal advice at Group level, advising the Board on all strategic matters, and serving at various committees across the Group.
Bassim Kanaan holds an LL.M. (in International Legal Studies) from the Georgetown University Law Center, and a Licence en Droit in Lebanese and French Law and a DEA in Private Law from the Université Saint Joseph, Faculty of Law and Political Science in Beirut, Lebanon.
Bassim Kanaan was admitted to the New York State Bar in 2004, and is a member of the Beirut Bar Association since 1999