In case of any further query or request for information, please contact:

Karem Mahmoud,
Director of Legal and Company Secretary
Tel: 04-8025000
Fax: 04-8025090


Board of Directors
Board Of Directors

Mr. Ahmad Bin Eisa Al Serkal, Chairman

Ahmad Bin Eisa Alserkal, a businessman and entrepreneur, continues the family’s legacy of achievers originating since 1947 by his grandfather, Nasser bin Abdullatif Alserkal and succeeded by his father, Eisa bin Nasser Alserkal. He graduated from the UAE University Class of 1990 with a Bachelor of Science degree in Business Administration and Management. Currently, he is occupying the position of Vice Chairman of Nasser bin Abdullatif Alserkal Est. Since the company’s establishment, Nasser bin Abdullatif Alserkal had been striving to promote trade and innovative investments in the UAE and GCC Countries. It has always endeavored to invest in a diversified portfolio that reflects its conservative investment ethos such as commercial and residential real estate, general trading, engineering, travel and tourism, arts and culture, recycling and environmental solution products, manufacturing, private investments and transportation infrastructure. In extension to professional success, he has achieved an honorary position amidst the philanthropic society.

Ahmad Bin Eisa Alserkal’s current and former professional capacities include:

  • Chairman of Alserkal Group
  • Chairman of Dubai Refreshment (Pepsi Co.)
  • Chairman of First Invest Group
  • Chairman of Dubai Projects (Investment Firm)
  • Vice-Chairman of Nasser Bin Abdullatif Alserkal Est.
  • Vice Chairman of Emirates Association for Youth Hostels (Hostelling International)
  • Founder and President of Alserkal Cultural Foundation
  • Board Member of Alserkal Avenue (Art District)
  • Board Member of Dubai Insurance
  • Board Member of Higher Advisory Committee for Dubai Culture & Arts Authority
  • Board Member of Al Jalila Cultural Centre for Children
  • Member of Cultural & Scientific Association
  • Former Board member of Dubai Autism Center
  • Former Vice President of Emirates Philatelic Association
  • Former Vice-Chairman of UAE Sports Committee
  • Former Board Member of Etisalat
  • Former Board Member of Al Burj Real Estate & USOS Holding
  • Former Board Member of UAE Korea Business Council
  • Former Board Member of Beit Al Khair Society
  • Former Board Member of Juvenile Association
  • Former Board Member of Architectural Heritage Society
Board Of Directors

Mr. Ali Humaid Al Owais, Vice Chairman

Mr. Ali Humaid Al Owais was appointed as a vice chairman of DRC since 2011. He is currently Director of Emirates NBD bank P.J.S.C in March 2013. Mr. Ali is the Chairman of Al Owais Group, United Food Company P.J.S.C., United Can Company LLC and Moderna Group LLC. He is the Vice Chairman of Dubai Refreshment Co. P.J.S.C. Modern Bakery and Director of Emirates Islamic Bank P.J.S.C., Dar Al Takaful and Oman Refreshment Company. As Chairman and a Board Member of various Companies, Mr. Al Owais is instrumental in bringing about vast changes through his entrepreneur skills and business contacts.

Mr. Al Owais holds a bachelor degree in Business Applied Science.

Board Of Directors

Mr. Ibrahim Abdul Razaq Mohd Ustadi, Director

Mr. Ibrahim Ustadi is currently the head of financial and administration and the financial controller at the office of his highness Sheikh Ahmed Bin Rashed Al Maktoum. prior to his current position, Mr. Ibrahim served at the military forces of the UAE for 25 years.

Mr. Ibrahim Ustadi holds a diploma in accounting and he was born on 01 January 1951.

Board Of Directors

Mr. Mohamed Hadi Ahmed Al Hussaini, Director

Mohamed Hadi AL Hussaini, UAE national, holds a Masters degree in international business from Switzerland and has professional experiences in banking/finance, real estate and investment sectors. He currently sits on the board of five publicly listed entities, Emirates Integrated Telecommunications Company (DU), Emirates NBD, Emirates Islamic Bank, Dubai Refreshment and Emaar Malls. He sits as well on the board of Dubai Real Estate Corporation. He is an active participant in committees at the organizations he serves at.

He comes from a prominent family of businessmen primarily engaged in trading businesses.

Board Of Directors

Mr. Abdullah Mohamed Rashed Al Huraiz Al Falasi, Director

Mr. Abdulla Mohammed Rashid Al Huraiz has joined the Ruler’s court in the Government of Dubai since 1994. With proven leadership skills and strong administrative and operational controls, he was appointed as a Deputy Director General of the Financial Audit Department in 2011 until date .

An accounting graduate from Al Ain University in 1994, Mr. Al Huraiz has demonstrated excellent management skills during his tenure and distinguished performance, mainly in the field of Finance and Administration where he participated effectively in the development of the Financial Audit Department.

Current Board Membership includes:

  • Dubai Insurance
  • DRC
Board Of Directors

Dr. Ayoub Mohamed Amin Kazem, Director

Dr Ayoub Kazim serves as the Managing Director of axs, TECOM Group’s smart gateway for integrated services. He is responsible for leading an advanced and integrated government and corporate services platform handling over 200 individual services and processing 300,000 transactions per year. With over 25 years of industry, technical and academic experience, Dr Ayoub Kazim was formerly the Managing Director of TECOM’s Education Cluster, comprising of Dubai Knowledge Park and Dubai International Academic City. In this role, he was responsible for strategically steering the academic entities and further consolidating their status as leading centers of learning excellence in the region. Previously, he held academic and technical roles at UAE University and Dubai Municipality where was involved in teaching and research through which he published numerous articles related to renewable energy, hydrogen energy, fuel cells and energy policy and economics. He received his B.Sc. in Mechanical Engineering from University of Alabama in 1989 and his M.Sc. in Mechanical Engineering from Polytechnic Institute of New York University in 1994, and Ph.D. from University of Miami in 1998.

Board Of Directors

Mr. Mohamed Abdul Aziz Al Owais, Director