Daud Bin Farooq – GC Powerlist
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Middle East 2025

Financials

Daud Bin Farooq

Group head of legal | International Holding Company PJSC (IHC)

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Middle East 2025

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Daud Bin Farooq

Group head of legal | International Holding Company PJSC (IHC)

Team Size: 7

What are the key projects that you have been involved in over the past 12 months?

I led the legal structuring in IHC’s share-swap framework with Grupo Sura and Grupo Argos, through which IHC acquired a 2.45% stake in Grupo Nutresa in exchange for its existing holdings in Grupo Sura, resulting in an effective stake of 14.83% in Nutresa. This was the largest capital markets transaction in Colombia and part of a strategic control transaction worth approximately $1.23bn, navigating cross-border securities, tender offer structuring, and approvals from multiple regulatory regimes.

I spearheaded legal negotiations in the establishment of a joint alternative investment manager with ADQ and ADG, creating the largest independent multi-asset manager in MENA, currently managing over $110bn in assets. The platform is set to manage combined assets from founding shareholders and third parties across private equity, venture capital, credit and public equities.

I led and oversaw the legal structuring and strategic negotiation of Gridora, a sovereign-backed infrastructure investment platform established in partnership with ADQ and Modon. This involved designing bespoke multi-stakeholder governance structures, sovereign alignment frameworks, and long-term legal risk allocation.

I directed the legal formation and vertical structuring of TwoPointZero, IHC’s AED 100bn-plus asset-holding company. My responsibilities included managing legal carve-outs, vertical realignment strategies, intra-group reorganisation, and cross-border corporate integration to consolidate IHC’s long-term sector-focused strategy. In addition, I am leading legal preparations for TwoPointZero’s planned listing on the Abu Dhabi Securities Exchange (ADX) by the end of 2025, including coordination with regulatory authorities, pre-listing compliance reviews, restructuring of shareholding frameworks, and investor readiness initiatives. This listing represents a major milestone in unlocking institutional investment in IHC’s sector-focused verticals.

I supervised the legal aspects of IHC’s entry into the reinsurance market through RiQ, a platform launched with BlackRock and Lunate. I led the negotiation and structuring of a ten-year strategic alliance targeting over USD 500 million in premiums, positioning Abu Dhabi as a reinsurance and AI-powered risk management hub.

I advised on the launch of a fully regulated UAE Dirham-backed stablecoin, a strategic joint initiative between IHC, ADQ and FAB, supported by the UAE Central Bank. This involved close coordination with regulators, development of crypto-governance structures, and creation of a pioneering framework for digital asset compliance and issuance in the MENA region.

I oversaw strategic mining acquisitions by IHC’s subsidiary International Resources Holding (IRH), including transactions involving Alphamin Bisie Mining and other African mining assets. These transactions required multi-jurisdictional due diligence, mining compliance, complex corporate structuring, and global stakeholder alignment for long-term resource strategy. I also supported IRH in its strategic acquisition of a 51% stake in Zambia’s Mopani Copper Mines for $1.1bn, one of Africa’s most critical copper producers.

I led the legal structuring of a landmark joint venture agreement in March 2025, granting IRH a 50% + 1 share interest in two mineral exploration licences (EL302 & EL303) in Chagai, Balochistan, in partnership with Mari Energies, BMRL, and the Government of Balochistan. The deal, which received high-level bilateral support and significant foreign direct investment, underscores IHC’s strategic commitment to unlocking Pakistan’s mineral potential.

Finally, I led the legal execution of IHC’s $80m majority stake acquisition in Emircom, a leading ICT provider, covering due diligence, SPA negotiation, shareholder restructuring, and post-closing legal harmonisation across UAE and regional ICT regulatory frameworks.

What strategies do you employ to ensure the successful digital transformation of a legal department while maintaining compliance with your country’s data protection laws?,/strong>

In today’s legal landscape, digital transformation is a necessity for legal departments. However, such transformation must be undertaken with precision and foresight in heavily regulated jurisdictions like the UAE. At IHC, our strategy has always been rooted in building internal capabilities rather than relying entirely on off-the-shelf solutions. This inspired us to take the deliberate step of designing and developing Aleria, our proprietary AI-powered legal platform, built in-house for in-house use.

Aleria is not just a contract review tool or a case management system. It is a foundational layer that connects our legal data, workflows and risk frameworks across the entire Group. From contract automation and clause libraries to legal entity management and regulatory mapping, Aleria helps reduce inefficiencies and remove bottlenecks.

What makes Aleria special is how we have embedded data protection and compliance into its core infrastructure. We decided to deploy Aleria on local servers hosted within the UAE, under a private cloud environment we manage ourselves. This strategic choice aligns with our internal compliance policies and the UAE’s data protection law.

We treat legal data with the same level of care as financial or personal data. Every contract, draft, legal opinion or entity record stored in Aleria is encrypted, access-controlled, and stored in a UAE-based environment. This gives us the confidence to scale digital workflows across subsidiaries and regions without risking data sovereignty or breaching regulatory thresholds.

Aleria also tracks document versioning, enables audit logs and assigns permission layers to ensure legal confidentiality. When a team member accesses a file or triggers a workflow, we know exactly who, when, and what has changed. These are simple but essential controls that allow us to move faster without sacrificing governance.

Aleria was not imposed from the outside; our lawyers helped shape it. That has driven higher adoption and allowed us to continuously refine the platform based on how we actually work. We did not want digital transformation to mean learning a new language; we wanted to amplify how we already operate.

In my view, the future of legal departments lies in creating custom digital infrastructure that reflects the organisation’s complexity while upholding its legal and ethical obligations. With Aleria, we have taken a bold step in that direction, placing data protection, usability and strategic alignment at the centre of our legal transformation.

How do you prioritise diversity and inclusion within your legal department, and what initiatives have you implemented to foster a more inclusive work environment?

For me, diversity and inclusion are not just concepts to implement; they are values we have always consciously lived by. As Head of Legal at IHC, I have always believed that a strong legal department does not come from hiring the same type of people but from building a team that reflects different perspectives, backgrounds and ways of thinking.

We have, what I believe, a very balanced and capable team. Out of seven members, three are women, each playing a critical and active role in the day-to-day functioning of the legal department, whether in structuring transactions, managing compliance, or overseeing entity governance. I do not assign tasks based on experience level or background alone, but on capability and potential. Our team thrives because we challenge each other and support each other equally.

Beyond our legal team, IHC as a group has made real progress in representation at the leadership level. We have female representation on our board, and many of our portfolio companies are also bringing female voices to the decision-making table. This is something I am proud of because it shows that inclusion is not just a checkbox for us but has become embedded in our structure.

Culturally, our team is diverse. We come from different parts of the world and different legal systems. That diversity matters because it shapes how we interpret risk, approach negotiation, and understand the jurisdictions in which we operate.

We are also careful to maintain an inclusive environment where everyone feels heard, whether in team meetings, deal debriefs, or one-on-one conversations. I try to ensure that every team member, regardless of role or background, feels they have a stake in what we are building. That includes being flexible with working styles, encouraging ongoing learning, and making sure credit is given where it is due.

We may not have perfected it, but our approach is intentional, and we take diversity and inclusion seriously. Inclusion is not about initiatives or slogans; it is about how you treat people day to day, and whether they feel seen, valued and supported.

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