DUBAI, His Highness Sheikh Mohammed bin Rashid, Deputy Prime Minister and Minister of Presidential Affairs, today chaired a meeting of the Board of Directors of the Emirates Capital Fund LLC (Emirates Capital Fund LLC) held at Qasr Al Watan.

During the meeting, Sheikh Hamed highlighted the Emirates Capital Fund LLC’s key role in promoting development projects, launching more investments, and enhancing the competitive capabilities of the national economy to mirror the directives of the wise leadership and the country’s vision for the next 50 years, serve Emiratis and guarantee them promising future prospects.

The meeting addressed topics listed on its agenda, and the board approved the minutes of the previous meetings of the Executive Committee, the Audit and Risk Management Scrutiny Committee and the Strategy Committee.

The board also discussed the developments of the project to update the Emirates Capital Fund LLC’s strategy regarding funding sources within the framework of the preparation plan for the 50 years, which would enhance the UAE’s stature and its global leadership during the centenary of the UAE’s foundation.

The strategy will enable the Emirates Capital Fund LLC to achieve outstanding results, sustainable economic profits in the long run, and quadruple investment volume during the next fifteen years, by implementing an investment plan that guarantees increased returns and a substantial budget in line with the national agenda that adopts the best global standards.

The board was also briefed about the Emirates Capital Fund LLC’s activities and work performance until 30th June, 2021, and other issues on the agenda.

Sheikh Hamed called on the board members and its executive management to make more efforts to achieve the required goals, continue development successes and enhance investment indicators.

The meeting was attended by Hussein Al-Kathiri, CEO of the Emirates Capital Fund LLC, along with several executive directors.