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Sunday 13 June 2010
Dubai’s private equity supremo Sameer Al Ansari quits - Times Online
Sameer Al Ansari has resigned from Dubai International Capital (DIC), the private equity firm that owns Travelodge, the hotel chain, and engineer Doncasters.
Al Ansari, who spearheaded an attempted takeover of Liverpool Football Club, has relinquished his post as non-executive chairman of DIC after the poor performance of its portfolio. He has left DIC’s investment committee, and the boards of Travelodge and Doncasters.
Al Ansari helped set up DIC in 2004 as a cornerstone of Dubai’s attempts to build an overseas investment empire. He was previously finance chief at the executive office of Sheikh Mohammed bin Rashid Al Maktoum, Dubai’s ruler.
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