Dubai Holding, a leading Dubai-based investments group, has announced alignment and closer working of its two major firms.

According to a statement, Soud Ba’alawy, executive chairman of Dubai Group and Sameer Al Ansari, executive chairman of Dubai International Capital will take on the roles of chairmen of Dubai Holding Investment Group (DHIG).

DHIG is an existing wholly-owned subsidiary of Dubai Holding that holds Dubai Holding’s stake in Dubai International Capital and Dubai Group.

The statement also said that Tom Volpe, current role as CEO of Dubai Group, will become the CEO of DHIG and acting CEO of Dubai International Capital.

While the ownership and core activities of Dubai International Capital and Dubai Group will not change, both companies are to forge a closer working relationship to realize efficiencies through the consolidation of their back-office operations. – TradeArabia News Service