2006

ICD is established on 3rd May 2006 under Law No. 11 of 2006

2007 24 companies

Government of Dubai transfers majority stake in Emirates Bank International (EBI), National Bank of Dubai (NBD), Emirates Airline, dnata, Dubai World Trade Centre, Emirates National Oil Company, Dubai Aluminium Company, Borse Dubai and CBME to ICD

EBI and NBD Merger – Emirates NBD (ENBD) formed as the largest bank by assets in the UAE

Government of Dubai transfers Dubai Financial Market (DFM) and Dubai International Financial Exchange to Borse Dubai

Borse Dubai acquires interest in London Stock Exchange and Nasdaq OMX

Government of Dubai transfers minority stakes in EMAAR Properties, Dubai Islamic Bank, Commercial Bank of Dubai, Dubai Ice Plant & Cold Stores Company and Dubai Development Company to ICD

2008 30 companies

Celebration of ICD’s first year in the presence of H.H. Sheikh Mohammed bin Rashid Al Maktoum and H.E. the Minister Mentor of Singapore

Inaugural set of consolidated financial statements from the establishment date

2009 37 companies

Government of Dubai transfers Dubai Duty Free, Dubai Silicon Oasis Authority, Dubai Airport Free Zone Authority and Emaratech to ICD

Government of Dubai transfers Aswaaq to ICD

2010 39 companies

National Bonds Corporation becomes a subsidiary of ICD

dnata acquires Alpha Flight Catering Group (an in-flight caterer in UK)

2011 39 companies

Repayment of $4 Billion loan obtained in 2008

dnata acquires Travel Republic Group (an online travel agent in UK)

2012 39 companies

ICD acquires Smartstream Technologies Group Ltd. (a global software and managed services provider based in UK)

ICD acquires a controlling stake in Dubai Aerospace Enterprise

2013 46 companies

ENBD acquires the Egyptian business of BNP Paribas

dnata acquires a controlling stake in Servair Airchef (a leading in-flight caterer based in Italy)

2014 52 companies

ICD divests its interest in Dubai Aluminium Company to EGA (a 50% JV with Mubadala)

ICD issues a $700-Million sukuk and a $300-Million conventional bond in its first capital market

ICD acquires Atlantis The Palm

EMAAR Malls shares are listed on DFM

2015 65 companies

ICD takes control of Kerzner International Holdings

Ithra Dubai is established to develop and manage strategic real estate assets

Government of Dubai transfers flydubai to ICD

ENOC acquires full ownership of Dragon Oil (an E&P company in Turkmenistan)

ICD acquires Ssangyong Engineering and Construction (based in South Korea)

ICD acquires Mandarin Oriental New York and W Washington D.C. Hotel

DAE divests its interest in Standard Aero

Borse Dubai completes its divestment of its interest in the London Stock Exchange

2016 71 companies

ICD acquires Porto Montenegro

dnata acquires Ground Services International (a leading airport handling provider based in the United States)

2017 79 companies

ICD acquires ALEC Engineering and Contracting

DAE acquires Dublin-based aircraft lessor AWAS

EMAAR Development shares are listed on DFM

New Waterfront Market is opened in Deira

2018 84 companies

dnata acquires the catering business of Qantas Airways

ICD acquires ISS Global Forwarding, a supply chain logistics company

2019 89 companies

ENBD acquires the full ownership of DenizBank A.S.

ENBD partially divests its interest in Network International Holdings Plc

DAE becomes a wholly owned subsidiary of ICD