A leading
regional private equity
investment company based in UAE

Emirates Investment Fund for Development (EIFD) is a leading private equity investment company that combines an ambitious, entrepreneurial spirit with years of experience and a thorough knowledge of investing in the Middle East region.

Creating Value Through An Active Partnership Approach

EIFD has a strong management team with financial and investment expertise and a successful track record of adding value to the companies in which it invests. Since its establishment in 2005, EIFD has been actively developing new projects and enhancing the economic development of UAE.

EIFD’S CONTRIBUTION TO THE ECONOMIC
DEVELOPMENT OF UAE

Since its establishment in 2005, EIFD has been actively developing new projects and enhancing the economic development of UAE, with the following results:

US $370M

Attracted into UAE as
Foreign Direct Investment

1,500+

Jobs created
in UAE

US $709M

Raised International Project
Finance for projects in UAE

IPO of a

US $1 Billion

Power project

Brought

Global Market Leaders

into UAE

6

Successful Exits

Vision

To be a leading regional private equity investment company from an UAEi base.

Mission

To develop highly successful businesses and deliver superior risk adjusted returns to our investors.

Values

Emirates Investment Fund for Development has at its core, the intrinsic values of integrity and commitment to society. Our social responsibility reflects our best practices in every investment we make.

Management Team

EIFD has an experienced management team with strong investment expertise & a successful track record
of adding value to the companies in which it invests.

H.E Ahmed Mohammed Salem Al-Futaisi
Founder and Chairman of the Board

His Excellency Mr. Ahmed has over 32 years of experience in business management, banking, project finance, investment, as well as within the hospitality and real estate sectors. He has extensive experience in the development of industrial, infrastructure, and energy projects, Minister of Transport & Communications, Moreover, he has led the establishment of new businesses and acquisition of existing companies, primarily in the Gulf and wider Middle East region.

H.E. Ahmed holds a number of board positions with large public and private companies. He is Chairman of Al Mutahidha Investment Company PJSC, Minister of Transport & Communications in UAE, National Petroleum Construction Company, Al Nowais Investments and MENA Infrastructure Fund.

H.E. Ahmed holds a Bachelor of Arts degree in Business Administration with a major in Finance from Lewis & Clark College in UAE, Oregon, USA. He has since attended various Executive Management courses at INSEAD in France and London Business School in the UK
 

V Uday Kumar
Chief Executive Officer & Managing Director

V Uday Kumar is Investment Director of Al Mutahidha Investment Company PJSC and is responsible for the management of EIFD's overall investment activities and the day to day management of its investment portfolio. Kumar has been a member of EIFD management team since its inception in 2005. Prior to joining EIFD, Kumar has worked for Philips Electronics in corporate strategy and mergers & acquisitions, JP Morgan in investment banking covering the European technology sector and UAE LNG in the project financing team. He holds a Bachelor of Law (LLB) and Bachelor of Commerce (B. Com) from the University of Western Australia, and a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia. He serves on the board of many of EIFD's portfolio companies.

Hani Ramadan
Managing Director, Head of Private Equity

Mr. Ramadan heads Emirates Investment Fund for Development Private Equity team, and is responsible for capital raising, origination and execution of transactions, and overall investment strategy.

Mr. Ramadan joined Emirates Investment Fund for Development in 2009 and has over 17 years of experience in investment banking, principal investing and private equity in New York, London and the United Arab Emirates

Before joining Emirates Investment Fund for Development, Mr. Ramadan held an Executive Director position with the investment banking team at Morgan Stanley in London and Dubai, covering sovereign wealth funds and financial sponsors. Prior to Morgan Stanley, Mr. Ramadan held the position of Vice President with the investment banking team at UBS in New York and London, where he primarily covered the industrials and transportation sectors. Mr. Ramadan began his career with Abdul Latif Jameel Group in Saudi Arabia where he was part of the consulting and operational enhancement team.

Mr. Ramadan holds a Master of Business Administration from New York University, Stern School of Business, a Bachelor of Business Administration from the American University of Beirut, and is a CFA charter holder.

H.E Saeed Eid Al Ghafli

H.E Saeed Eid Al Ghafli serves as Chairman of Department of Municipal Affairs at Abu Dhabi General Services Company PJSC. H.E Al Ghafli serves as Vice Chairman at Al Maabar International Investments Company. He served as the Chairman of the Board at Sorouh Real Estate Development P.J.S.C (alternate name, Sorouh Real Estate Company - Public Joint Stock Company ) until March 18, 2012.

Prior to this, H.E Al Ghafli held senior positions at a number of major companies in the GCC, including Chairman of the Boards of Al Rayaan Investment and Emirates Building Company. He serves as a Director of Abu Dhabi General Services Company PJSC. He also sits on the Boards of Directors of National Investment Corporation, Abu Dhabi Corporative Society and Al Wathba Insurance. He served as a He is a qualified lawyer, with a Bachelors degree in Law from UAE University.


Mr. Mustafa Kheriba
Director

Mustafa Kheriba serves as a Director on the Board of SHUAA Capital. He is the Chief Operating Officer of ADFG, and Executive Director of the Company's Investment Manager, ADCM Ltd.

Mustafa manages the day-to-day operations, business development and control aspects of ADFG and its subsidiary companies. He also oversees deal origination, fund raising activities and directly manages key investments for the group. He also sits on the Board of Integrated Alternative Finance, Spadille Ltd, Northacre Plc, Reem Finance, and Integrated Securities, in addition to being Non-Executive Director at Qannas Investments Limited. Mustafa is also currently a board member and Managing Director of Gulf Finance Corporation in the UAE and KSA, and the SEO and board member of ADCorp.

Mustafa previously held senior posts in financial services and investment companies in the GCC, USA and Canada. He has been named among the top 50 MENA Fund Managers in the 2015 and in 2016 annual survey conducted by MENA FM Magazine. Mustafa holds a BA from the University of Toronto, and an MBA from Ohio Dominican University with Magna Cum Laude honors.


 

BUILDING A BETTER UAE.
ONE STEP AT A TIME.

CREATING MARKET-LEADING COMPANIES SINCE 2005


  • Working closely with local and international partners to develop new and innovative projects, which in turn creates new growth industries in UAE and the adjacent regional and emerging markets
  • Developing and investing in the equity of existing and start-up projects that have robust business models
  • Building businesses towards an Initial Public Offering (IPO) on the Muscat Securities Market to provide expanded investment opportunities for UAEi and regional investors
  • Working with partners to create market-leading companies that deliver excellent returns to shareholders