Dubai Chamber of Commerce and Industry president appointed to Difca board

Hamad Buamim, the president and chief executive of the Dubai Chamber of Commerce and Industry, has been appointed to the board of the Dubai International Financial Centre Authority, the body that runs the region’s financial hub.

Mr Buamim replaces Sameer Al Ansari, the former chief executive of Dubai International Capital, who has been on the Difca board for the past decade.

The new appointment came as Difca confirmed the tenure of four other long-standing board members of the authority, which is chaired by Essa Kazim, also the governor of DIFC.

Difca is the management body established to oversee the strategic development, operational management and administration of DIFC. It is answerable to the higher board of the centre, which is chaired by Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai.

Mr Buamim is regarded as an increasingly important figure in the Dubai financial and corporate establishment. In addition to the Dubai Chamber, he also sits on the board of the government-owned conglomerate Dubai World and real estate group Union Properties.

Mr Al Ansari was head of DIC, the global investment arm of government-owned Dubai Holding, until 2009, when he moved to become chief executive of the Shuaa Capital investment bank. He is currently chief executive of the Dubai-based private equity firm PE Plus Capital Investors.

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