David Smoot is chief excutive officer, Dubai International Capital
David Smoot
Company: Dubai International Capital (DIC)
Position: CEO
Biography: David Smoot joined DIC in June 2008, shortly before the financial crisis hit Dubai and forced the emirate into a wave of debt restructurings. DIC did not escape this trend, and Smoot, who joined as chief investment officer in 2008 and became CEO in 2010, has been instrumental in steering the firm through a difficult period.
DIC announced in April that it had agreed a restructuring of $2.5bn of debt. Smoot will now need to ensure it can meet its obligations to lenders and get enough value out of its assets, most of them bought at the peak of the boom, to meet those obligations.
He is also chairman of DIC’s portfolio companies Almatis, Doncasters and Jordan Dubai Capital. Smoot is a graduate of Harvard Law School and Duke University, both in the US. He has 16 years of experience in the banking and private equity sector and has spent 11 years with the US’ Morgan Stanley.
Contact Tel: (+971) 4 362 1888
Website: wwwdubaiic.com
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.