Sunday 20 October 2019 (UAE)

Dubai Holding

Dubai Holding logo Dubai Holding new CEO March 2009 Ahmad Bin Byat Dubai Holding previous CEO Mohamed Al Gergawi Overview of Bawadi Project and the Gateway to Bawadi

Dubai Holding

Dubai Holding (rather than Dubai Holdings or Dubai Holding Company) is a substantial umbrella or holding company created by the Dubai Government in 2004 to develop large infrastructure projects in Dubai.

Dubai Holding new CEO

The CEO of Dubai Holding was Mohammed Al Gergawi (sometimes spelt Mohammad Al Gargawi / AlGergawi) until March 2009 when Ahmad Bin Byat (Ahmed Bin Bayat) was announced as the new CEO on 07 March 2009. Mr Bin Byat is also Chairman of the Emirates Integrated Telecommunications Company (EITC or Du), Chairman of the Dubai Real Estate Corporation (DREC), Chairman of the Aswaaq Founding Committee, Secretary-General of the Dubai Executive Council, and a member of the Zayed University board of trustees. Mohammed Al Gergawi is still Chairman of Dubai Holding.

Dubai Holding mergers
Dubai Holding bonds
Dubai Holding debt
Subsidiary Amount Start Date Due Date
DHCOG AED 2 billion   30 November 2010
Dubai International Capital (DIC) AED 4.6 billion   30 November 2010
Dubai Holding Commercial Operations Group debt restructuring 2010
Dubai Holding financial performance
Year Assets Profit (Loss)
2009   (AED 22.8 billion)
2008   AED 10 billion
Dubai Holding debt ratings
Date Fitch Moody's S&P
June 2010   B2  
    B1  

 

Dubai Holding restructuring

16 August 2009 update (press release from DH): Dubai Holding operations will be restructured into 4 different business units - Business Parks, Hospitality, Investments, and Property. Information below might need updating once further details of the restructuring become available.

New Dubai Properties
Dubai Business Parks

Dubai Holding subsidiaries (needs updating after DH restructuring announced August 2009)

Dubai Holding has 7 main member companies, each of which then has its own subsidiaries, projects, and brands. The top tier, or Dubai Holding members are (with industry areas in which they are involved, and significant or prominent business areas highlighted):

Some of the more well-known companies, organisations, projects, and developments that lead back to Dubai Holding include:

In February 2009, Dubai Holding announced that some operations of their real estate subsidiaries, namely Dubai Properties Group, Mizin (a Tatweer subsidiary) and Sama Dubai would be restructured and merged, but ownership and activities would continue under the separate business units.

Dubai Holding Commercial Operations Group (DHCOG)

The Dubai Holding Commercial Operations Group (DHCOG) is also a subsidiary of Dubai Holding (DH), which owns several DH members (or the DH stakes in the following member / subsidiary companies): Dubai Properties, Jumeirah Assets, Jumeirah Group, Sama Dubai, Tatweer, TECOM Investments.

DHCOG debt and loan repayments
DHCOG financial performance
Dubai Holding Investment Group

Dubai Holding Investment Group (DHIG) is also a subsidiary of Dubai Holding, which owns the DH member companies Dubai Group (DG) and Dubai International Capital (DIC). In February 2009, Dubai Holding announced it would merge some Dubai Group and Dubai International Capital operations, and the individual chairmen would become chairmen of Dubai Holding Investment Group - Soud Ba'alawy of DG and Sameer Al Ansari of DIC.

Dubai Holding Group

Dubai Holding is not related to a smaller company called Dubai Holding Group LLC which is a Dubai based retail group, established in 2000, with franchises in international fashion labels including Gerard Darel, Promod, Stradivarius, women's secret, Zara, Zara Home; and retail outlets in Bahrain, Oman, Qatar, and the UAE.

Dubai Holding contact details

Dubai Holding tel +971-4-3622000, fax +971-4-3622091
PO Box 66000, Dubai, United Arab Emirates (UAE)

Last update Tuesday 12-Jun-2012
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www.dubaifaqs.com/dubai-holding.php (PDF and print version).

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