Qatari Diar Real Estate Investment Company
Main appointments within the VINCI Group: Qatari Diar Real Estate Investment Company (Qatari Diar) was formed in 2005 and is wholly owned by the Qatar Investment Authority (QIA), which belongs to the State of Qatar.
Qatari Diar is the main player in Qatar’s urban development projects and in property development operations carried out abroad on behalf of the State of Qatar. Qatari Diar is present in more than 20 countries across Asia, Africa, Europe and South America.
In 2008, Qatari Diar acquired control of Cegelec. In 2010, Qatari Diar transferred ownership of Cegelec to VINCI in exchange for new VINCI shares and treasury shares. Since this transaction, Qatari Diar has owned 31,500,000 VINCI shares.
The Chairman of the Board of Directors of Qatari Diar is His Excellency Yousef Hussein Kamal, Minister of Economy and Finance of Qatar. Mr Ghanim bin Saad al-Saad, a Director of Qatari Diar, is also Chairman of Barwa, a listed subsidiary in which Qatari Diar has a substantial shareholding and which is one of the country’s main property developers. Qatari Diar’s Chief Executive Officer is Mr Mohammed bin Ali Al Hedfa.
Appointments in listed companies: Qatari Diar is a Director of Veolia.
Other appointments: To 1 March 2011: Mr Alain Maillot, a partner in the law firm Darrois Villey Maillot Brochier, was Qatari Diar’s permanent representative on the Board of Directors of VINCI.
Appointments outside the VINCI Group in listed companies: Mr Maillot is also a Director of PCB SA (Belgium).
From 1 March 2011: Mr Yousuf Ahmad Al Hammadi, Regional Manager Europe of Qatari Diar, is now the permanent representative of this company on the Board of Directors of VINCI.
Main appointments within the VINCI Group: Chairman of Qatari Diar VINCI Construction (Qatar).