page_title: Mohammed Ibrahim Al Shaibani
section_title: Business involvement
hierarchical_section_title: Mohammed Ibrahim Al Shaibani / Career / Business involvement
caption_attribution_description: Al Sahibani (right), and Aliko Dangote (left) seal the acquisition of Dangote Cement by ICD in 2014.
context_page_description: Mohammed Ibrahim Al Shaibani, also known as His Excellency Mohammed Al Shaibani is a non-royal government official in Dubai, U.A.E, who is the current Director General of The Ruler’s Court, Government of Dubai, a prime government body of the Emirate of Dubai.
  In addition, Mohammed Al Shaibani acts as the CEO and Executive Director of the Investment Corporation of Dubai, the investment arm of the emirate, which manages and grows its wealth. He also serves as the Vice Chairman of the Supreme Fiscal Committee of Dubai, which is responsible for overseeing its general fiscal policies. He is a member of the Executive Council of Dubai, an entity that oversees and supports government bodies in the emirate.
  Al Shaibani serves as Chairman of Dubai Islamic Bank, the first shariah-compliant lender in the world and one of the country’s largest banks in terms of assets. In addition, he sits on the boards of several government-related organizations in the U.A.E., such as Dubai World and Dubai Aerospace Enterprise Limited.
context_section_description: Mohammed Al Shaibani’s strong knowledge of Islamic financial services led him to be selected as Chairman of the Board of Directors of Dubai Islamic Bank (DIB) in 2008, one the U.A.E’s largest banks. DIB is also considered as the first bank in the world to apply Islamic principles in all its practices. 
  An Emiri decree issued in 2012 by Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, reaffirmed Al Shaibani as CEO and Executive Director of the Investment Corporation of Dubai (ICD), the investment arm that consolidates the assets of the Government of Dubai. Such assets contribute to the growth of Dubai and range from leading financial services companies to local real estate giants, including renowned transportation and utilities corporations.
  In 2010, Al Shaibani has been appointed as a member of the Board of Directors of Dubai World, the government-owned holding focused on urban development. His experience as an administrator and corporate leader proved to be pivotal in the restructuring of the US$25 billion debt pile of the holding, which enabled it to return to the  international bond market.
  After acquiring the entertainment resort Atlantis the Palm in 2013, ICD has purchased significant equity interest in the international firm that manages it, Kerzner International. This was followed by Mohammed Al Shaibani replacing Sol Kerzner as the Chairman of the international luxury hotels developer after the latter’s retirement in April 2014.
caption: Al Shaibani signs with Aliko Dangote the acquisition of Dangote Cement by ICD in 2014.