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Dr. Sameer Al Ansari PhD, FCA

Profile picture of Dr. Sameer Al Ansari PhD, FCA

Dr. Sameer Al Ansari PhD, FCA

Active 4 years, 2 months ago
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  • Profile Info
  • Core Industries
  • Experience
  • Current board positions held
Name

Dr. Sameer Al Ansari PhD, FCA

Your Country

United Arab Emirates

Company

RAK ICC

Position

CEO

Gender

Male

Core Industries

Accounting and Audit, Alternative Investments, Asset and Inventory Management, Audit and Control, Banking, Corporate and CSP, Family Office, Financial Institutions

Experience

• CFO DUBAL (Emirates Global Aluminium)
• Founding CEO of Amlak Finance
• Group CFO, Executive Office HRH Sheikh Mohammed Bin Rashid Al Maktoum
• Exec Chairman & CEO of Dubai International Capital
• CEO SHUAA Capital (DFM Listed Investment Bank)
• Vice Chairman & COO, The Industrial Group, KSA
• CEO & Board Member, RAK International Corporate Centre (RAKICC)
• Board Member Dubai Holding 2004-2009
• Board Member Dubai International Financial Centre (DIFC) 2004 – 2016
• Board member Jumeirah Group
• Board member Dubai Aerospace Enterprises
• Board Member Hawkamah (Institute of Corporate Governance) 2013 – 2017
• Board member and Investment Committee of TVM Healthcare Partners 2012-2020
• Founding Chairman, MENA Infrastructure Fund – US$300M (JV with HSBC)
• Founding Chairman Jordan Dubai Capital – US$300M
• Founding Chairman, Global Strategic Equities Fund US$1 Billion
• Founding Chairman, Ishraq Hospitality Fund (Xpress by Holiday Inn hotels).
• Numerous regional and international Boards (UK, France, Germany).

Board positions:

RAK ICC
TVM Capital
Eureeca

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NEDs and Economic Substance (“ESR”)

Pursuant to ESR, certain companies deploying a “relevant activity” have to demonstrate that they have effective substance in their jurisdiction by satisfying a so-called “economic substance test”. ESR is in force in the UAE since 30th April 2019.

A company meets the test if it is directed and managed in the UAE and has adequate people, premises and expenditure in the country.

In this context, the composition and competence of the board of directors – composed of both executive director(s) and NED/s –, and the proper recording of minutes of all board meetings are key factors when assessing whether a company is compliant or not.

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