Adel Al Sheerawi Appointed Vice President (Istithmar World)

Adel Al Shirawi, former Chief Executive Officer of Tamweel, the UAE's leading mortgage finance company, has been appointed Vice President of Istithmar World by Sultan Bin Sulayem, President of Dubai World. He will continue to serve as a member of Tamweel's Board of Directors, "Istithmar World"

Commenting on the decision, Sultan Ahmed Bin Sulayem said: "During his tenure as CEO of Tamweel, Adel Al Shirawi played a key role in making it one of the oldest companies in the financial sector.

"Recently, Adel Al Shirawi, one of the 25 leading young global leaders from the Middle East, will seek to further strengthen Istithmar World by expanding its existing portfolio and launching new initiatives to increase value and return for Dubai. Global "

"Istithmar World has played a vital role in developing a global portfolio for Dubai World and continues to contribute to the development and growth of Dubai and the UAE as a whole.

"I am determined to build on this success and be added to it." His vast experience and invaluable contributions in devising long-term expansion and growth strategies have contributed to the reputation that "I am confident that Istithmar World will enhance its presence locally and globally under his leadership.

"My vision for Istithmar World is to diversify its portfolio through key investment concepts to become a leading player in all sectors of the financial services industry, with a particular focus on emerging markets and the GCC," said Al Shirawi.

I am very grateful to Sultan Bin Sulayem for leading Dubai World's leading investment arm and Istithmar World plans to increase asset ownership under its management with a view to achieving stability and sustainable self-financing by 2010.

Source: Al Bayan Newspaper