Khadem al-Qubaisi
| Khadem al-Qubaisi | |
|---|---|
| Born |
Khadem al-Qubaisi September 27, 1971 Abu Dhabi, United Arab Emirates |
| Alma mater | United Arab Emirates University |
| Occupation | Former Managing Director of the International Petroleum Investment Company |
| Title | HE |
Khadem Abdullah al-Qubaisi (Arabic: خادم عبد الله القبيسي; born September 27, 1971) is an Emirati businessman and the former managing director of the International Petroleum Investment Company (IPIC). He was the subject of controversy in 2015 when he was replaced as managing director of IPIC and later investigated in a series of probes into misappropriated funds in connection with 1Malaysia Development Berhad.
Qubaisi was born in Abu Dhabi, United Arab Emirates in 1971. He graduated from the University of the United Arab Emirates with a bachelor's degree in economics in 1993. He is married, and has four children.
In 1993, after graduating from university, Qubaisi joined the Abu Dhabi Investment Authority (ADIA), where he went on to become a senior financial analyst in the North American Equities Department. In 2000, he became an investment manager at International Petroleum Investment Company. In May 2007 he became managing director, and in 2011 he took the additional position as chairman of IPIC's subsidiary, Compañía Española de Petróleos. He was chairman of many other companies including NOVA Chemicals, Arabtec,Borealis AG and OMV (in both of which IPIC owns a controlling interest), Aabar Investments (an IPIC subsidiary), Falcon Private Bank, Abu Dhabi National Takaful Company, and Hakkasan Group. He was the director of Tasameem Real Estate Co. LLC, the investment company of Sheikh Mansour bin Zayed Al Nahyan, who is the prime minister of the United Arab Emirates and chairman of IPIC. Qubaisi also served on the board of Bahrain's First Energy Bank.
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