Top 100 Arabs 2024

16. Mohammed Ibrahim Al Shaibani

Managing director, Investment Corporation of Dubai

Origin: UAE

Residence: UAE

Sector: Diversified

2023 Rank: 17

With a wealth of experience and a proven track record in investment management, Mohammed Ibrahim Shaibani has been instrumental in steering the ICD’s growing influence.

The Dubai government’s investment arm, has achieved remarkable financial milestones. In H1 2023, ICD recorded record revenues of Dhs145.1bn, marking an increase of 20 per cent compared to the same period in the previous year. This performance translated into a record net profit of Dhs28.3bn. ICD boasts a growing portfolio of holdings in major entities such as Emaar, Emirates, Dubai Duty Free, Emirates NBD, and Dubai World Trade Centre.

Beyond his role at ICD, Mohammed Ibrahim Shaibani serves as the chairman of Dubai Islamic Bank, which reported a net profit of Dhs7bn, a 26 per cent year-on-year. He also holds the position of chairman at Nakheel, which recently merged with Meydan under Dubai Holding.

Hana Al Rostamani

Sarah bint Yousif Al Amiri