Top 100 Arabs 2025

17. Mohammed Ibrahim Al Shaibani

MD, Investment Corporation of Dubai

Origin: UAE

Residence: UAE

Sector: Diversified

2024 Rank: 16

Under Mohammed Ibrahim Al Shaibani, the Investment Corporation of Dubai (ICD) achieved its best-ever results in 2023, with a record net profit of Dhs60.8bn, up 68 per cent from the previous year, and total assets reaching Dhs1.32tn.

The record revenues of Dhs310.2bn were driven by robust growth in transportation, banking, and financial services, while real estate and hospitality continued to show strong momentum.

Beyond ICD, Shaibani is also the chairman of Dubai Islamic Bank (DIB). In 2024, DIB posted a total income of Dhs23.3bn, a 16 per cent year-on-year increase. The bank also expanded its global footprint by increasing its stake in a digital bank in Türkiye to 25 per cent.

As chairman of Nakheel, Shaibani is driving the Palm Jebel Ali project, one of Dubai’s most visionary developments. Covering 13.4 kilometers with 110 kilometres of coastline, the project aims to accommodate 35,000 families, contributing to the Dubai Economic Agenda D33 and the Dubai 2040 Urban Master Plan.

Recent contracts have been awarded for key infrastructure, including a six-kilometre public access road linking Palm Jebel Ali to Sheikh Zayed Road and major roadway enhancements.

Mohammed Saif Al-Sowaidi

Sarah Bint Yousif Al Amiri