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a matter of good corporate practice, to avoid even a hint of a conflict , I recently stepped down from the Board of Dubai Government's holding group Investment Corporation of Dubai (ICD), where , as you know, I had been a director for four years. This is the entity by which the Dubai Government will likely distribute
This will likely mean we and other Government linked companies will receive funding to help us weather the current storm. I will remain Chairman of Dubai World. However, as a matter of good corporate practice, to avoid even a hint of a conflict , I recently stepped down from the Board of Dubai Government's
current storm. Consequently, as a matter of good corporate governance, I recently stepped down from the Board of Dubai Government's holding group Investment Corporation of Dubai (ICD), where I had been a director for four years. As Chairman of Dubai World, it would have been a conflict of interest for me to sit
on the Board of ICD, because it is the vehicle by which the Dubai Government will distribute funding support for its iconic companies, including Dubai World. My decision to step down from the ICD Board has no impact on Dubai World - in fact, quite the reverse; it should be taken as a signal that fundi
current storm. Consequently, as a matter of good corporate governance, I recently stepped down from the Board of Dubai Government's holding group Investment Corporation of Dubai (ICD), where I had been a director for four years. As Chairman of Dubai World, it would have been a conflict of interest for me to sit
on the Board of ICD, because it is the vehicle by which the Dubai Government will distribute funding support for its iconic companies, including Dubai World. My decision to step down from the ICD Board has no impact on Dubai World - in fact, quite the reverse; it should be taken as a signal that fundi
Entities connected to both Investment Corporation and Dubai World

Jeffrey Epstein
PERSONthe Dubai Government
ORGANIZATIONthe Board of Dubai Government's
ORGANIZATIONthe ICD Board
ORGANIZATIONthe Government of Dubai
ORGANIZATIONSultan Ahmed Bin Sulayem
PERSON
Bin Sulayem
PERSONEssam Sharaf
PERSON