Is a company owned by the ICD classified as government, semi-government, or private?

Dear Questioner,

When a company's ownership is transferred to the Investment Corporation of Dubai (ICD), it is considered a semi-government company.

While ICD is a government-owned entity, the companies it invests in maintain a degree of operational independence.

They are not directly controlled by government ministries or departments, but they are ultimately owned by the government of Dubai.

If you need further clarification, you may ask us.

Dear Questioner,

When a company is transferred to the Investment Corporation of Dubai (ICD), the company is considered a semi-government company as the corporation is affiliated with the Government of Dubai, but it still retains its commercial and operational aspects like a private company.

When a company’s ownership is transferred to ICD (Investments Corporation of Dubai), it is considered a government company.

Dear Questioner,

Some semi-governmental companies are established by decision or law, local and/or federal, and others are established through articles of association and articles of association.

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