Business | Investment
Dubai International Capital ranks among top 10 global employers
Dubai Holding announced on Monday that Dubai International Capital LLC (DIC), its international investment arm, has been ranked in the top ten percentile, against regional and global benchmarks, in the TRI*M 2007 Employee Satisfaction Survey.
- Staff Report
- Published: 23:33 May 19, 2008
Dubai: Dubai Holding announced on Monday that Dubai International Capital LLC (DIC), its international investment arm, has been ranked in the top ten percentile, against regional and global benchmarks, in the TRI*M 2007 Employee Satisfaction Survey.
TRI*M is a global leader in customer stakeholder management research, and part of TNS, a global market information and insight group.
"DIC made outstanding progress in 2007 under Sameer Al Ansari's leadership. Sameer Al Ansari and the DIC team have built a highly profitable international investment company in a remarkably short time and these exceptional results reflect DIC's high standards of corporate governance and high levels of employee satisfaction. These results also reinforce the UAE's status as a career destination for talented professionals in the financial sector and demonstrates its position as a leading global financial centre," said Mohammad Al Gergawi, Chairman of Dubai Holding.
DIC's assets under management now total over $12 billion with a target to double assets under management to $25 billion within the next two years. DIC has been profitable since its inception in 2004 and has earned global recognition as a world-class investment company.
DIC Private Equity acquired three companies in Europe during 2007 investing over $4 billion in what was and remains a very difficult financial environment, bringing the total number of portfolio companies to six. DIC's portfolio includes industrial packaging leader Mauser; global leader in specialty alumina Almatis; and Alliance Medical, the leading provider of diagnostic imaging services to the European healthcare sector.
DIC was recently awarded Mena Private Equity Firm of the Year by Dow Jones Private Equity News in the sixth annual Awards for Excellence in Private Equity Europe 2008.
"DIC has achieved a great deal in a short time with a significant push into Asian markets this year and the closing of several major transactions in 2007. We are building on this momentum with an ambitious recruitment drive at a senior level with a target of 130 employees by the end of 2008 compared to 85 in 2007. We are hiring the resource and senior talent we need for the next phase of DIC's ambitious growth strategy," said Sameer Al Ansari, Executive Chairman and CEO of DIC.
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