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ABOUT US

The Success Story of ZK Holding

ZK Holding Ltd is a proprietary investment holding company incorporated in the Abu Dhabi
Global Market (ADGM) and registered with the ADGM Registration Authority (Commercial
Licence No. 10675).
We are established to invest our own funds and manage our own assets. Our activities
include proprietary investment, proprietary asset management, oversight and management
of group companies, and management services to entities within our group.
Our portfolio consists of investments in key sectors, including finance, insurance, technology,
and energy, with a strategic focus on markets such as Iraq and the United Arab Emirates.
These investments are held on a proprietary basis for the benefit of our shareholders.
ZK Holding does not offer investment management, advisory, or financial services to third
parties and does not manage assets on behalf of external investors.

Our Leadership Journey

The story of ZK Holding began in the 1960s with the vision of the Khalaf Abdul Karim family, who established a group of companies that quickly became influential forces in the Iraqi market. These companies, which cover diverse sectors, from banking and insurance to energy, services, industrial sector, real estate and tourism, laid the foundation for ZK Holding’s emergence as a major player in the region’s economy.

Building on this legacy, Dr. Zead Khalaf, a second-generation leader, has led ZK Holding towards a global future of growth and innovation. His extensive experience in international and regional organizations, including his membership in the United Nations Economic and Social Council in Geneva, the Union of Arab Banks, the International Union of Arab Bankers, the Board of Directors of the International Chamber of Commerce / United Arab Emirates ICC, and the Board of Trustees of the Arab Academy for Administrative, Financial and Banking Sciences.

His strategic vision has been the driving force behind many achievements, including the International Development Bank receiving the award for the most innovative and technological bank, ZK Holding’s expansion into new markets, and being honoured with the Arab Tourism Medal of the First Class, confirming his commitment to driving sustainable economic growth in the region. ZK Holding’s leadership, rooted in a rich history and guided by an invaluable forward-looking vision of global economic trends and opportunities, works to strengthen the company’s strategic vision and facilitate international partnerships.

BOARD OF DIRECTORS ​

Dr. Zead Khalaf

Chairman

Dr. Hasan Khalaf

Dr. Hassan Khalaf

Vice-Chairman

Ms. Amna Al Dhaheri

Member – Board of Directors

Mr. Mansour Al Faheem

Member – Board of Directors

Mr. Ibrahim Al Mannaee

Member – Board of Directors

Mr. Manar Al-Obaidi

Member – Board of Directors

Mr. Ahmed Muhsin

Member – Board of Directors

OUR ORIGINS

Our foundation is built on the legacy of our sister companies, which began their journey in the 1960s as a contracting firm under the name “Khalaf Abdul Karim.” Today, ZK Holding stands at the forefront of leading economic companies, offering a distinguished model of innovation, diversity, and sustainability. This success has been achieved by developing a comprehensive portfolio that includes various sectors, such as banking, insurance, energy, logistics, industry, in addition to information technology, real estate, and tourism services. Our vision is that each company in our portfolio contributes through its strategic diversity to supporting sustainable economic growth across the region as a whole.

Our Journey
Begins

1960

With the start of his professional career, Mr. Abdul Karim founded “Khalaf Abdul Karim Contracting Company,” which developed tremendously to become the third-largest contracting company in Iraq.

The Rise of Khalaf Abdul Karim
Contracting in Iraq

1960 – 2011

With visionary leadership and a strategic approach, Khalaf Abdul Karim Contracting Company overcame difficulties and successfully completed major real estate projects. This success enabled the company to solidify its position as a key driver of economic growth, contributing to economic stimulation and sustainable development.

International Development
Bank (IDB)

2011

The Khalaf Abdul Karim family holds the largest stake in the International Development Bank, a leading institution in the Iraqi banking sector.

Arab Payment 
Services

2014

The Arab Payment Services Company was established to provide electronic payment solutions in Iraq, alongside offering secure card authorization services for companies.

Al-Sharq
Insurance

2015

Al-Sharq Insurance was founded with the goal of offering a comprehensive range of insurance services to companies and individuals across Iraq.

Doma
Steel

2016

Doma Steel Company was established to meet the needs of businesses in Iraq, becoming the primary supplier of high-quality sandwich panels.

First Finance
Company

2021

First Finance Company was founded to meet the needs of businesses in Iraq by offering innovative financial solutions and providing training and mentoring programs throughout the country.

Dr. Zeyad Khalaf
Dr. Zead Khalaf
Chairman

Dr. Zead Khalaf is considered one of Iraq’s most prominent entrepreneurs. He is the Founder and Chairman of ZK Holding Group and the Chairman of International Development Bank (IDB).

ZK Holding Group, headquartered in Abu Dhabi, is an integrated company that brings together several firms operating across different countries. It focuses on stimulating and developing economic growth, particularly in markets with significant investment opportunities such as Iraq, the UAE, and many other countries.

Khalaf holds a bachelor’s degree in civil engineering from the University of Technology in Baghdad and an honorary doctorate in financial and banking sciences from the International University in London, awarded in recognition of his contributions to the financial sector.

His influence extends widely through his senior roles, including Vice Chairman of the Union of Arab Banks, Board Member of the International Union of Arab Bankers, Member of the United Nations Economic and Social Council in Geneva, Board Member of the International Chamber of Commerce – UAE (ICC UAE), and a member of the Board of Trustees of the Arab Academy for Administrative, Financial, and Banking Sciences.

Throughout his professional journey, he has received numerous awards and honours in recognition of his contributions to sustainable development, banking innovation, and institutional excellence. Among the most notable are the Harvard Investment Foundation’s Award for Sustainable Development in Human Resources and Banking Practices, “The Most Distinguished Businessman and Banker” Award in the world of finance and business, the First-Class Arab Tourism Medal, and the Award for the Most Innovative and Technologically Advanced Bank during his tenure as Chairman of the Bank’s Board of Directors.

Dr. Hasan Khalaf
Dr. Hassan Khalaf
Vice Chairman

Dr. Hassan Khalaf is a prominent leadership figure who combines in his professional career an academic background in medicine and business administration with deep expertise in corporate strategy, organizational development, and institutional transformation.

He has played a pivotal role in leading growth and enhancing operational efficiency across vital sectors including financial services, insurance, industrial development, construction, and healthcare.

In addition to his executive positions, Dr. Khalaf manages a diverse portfolio of companies and investment portfolios, reflecting his strategic vision, decision-making capability, and ability to achieve investment excellence.

He also holds influential memberships in regional and international organizations and is recognized for his leadership of major projects, building multidisciplinary teams, and developing strategic partnerships that have contributed to supporting sustainable growth in both emerging and developed markets alike.

His achievements reflect a firm commitment to corporate governance principles, raising quality standards, and creating long-term value, alongside his prominent role in empowering talent and fostering an environment of prosperity in the private sector.

Ms. Amna Al Dhaheri
Member-Board Of Directors

Amna Al Dhaheri is a strategic advisor with a multifaceted career spanning leadership role in luxury hospitality, government, and media sectors.

Renowned for her ability to translate service excellence and best practices into institutional and governmental environments, she serves as a senior advisor with a distinguished track record in operational excellence and strategic initiative design and execution—always aligned with governance requirements and global service standards.

She has held pivotal roles within the Prime Minister’s Office and the media sector, where she applied hospitality principles to redesign customer experiences and enhance operational efficiency. Her contributions have supported the transformation of government and semi-government entities through the adoption of advanced service methodologies.

Amna is known for her agile leadership style and her ability to bridge high-level policy with customer expectations, driving institutional development and embedding a culture of excellence.

Mr. Mansoor Al Faheem
Member-Board Of Directors

Mr. Mansour Al Faheem is a distinguished leader in governance, risk management, and compliance, with over two decades of pioneering experience in institutional structuring, process optimization, and risk system automation aligned with international standards—contributing to the sustainable growth of the organizations he has served.

He has served as a member of the Audit Committee and chaired the Internal Audit Group within a major conglomerate, where he played a key role in elevating the maturity of internal controls, strengthening adherence to regulatory requirements, and reinforcing corporate oversight. His experience also extends to the government sector, where he provided advisory services to ministries and led restructuring programs that resulted in improved efficiency and increased revenues.

In addition to his regulatory and advisory expertise, he has led initiatives to establish new ventures, support international compliance programs, and actively engage in investment activities as both a supporter and investor—reflecting strategic vision and versatility across multiple sectors.

He is known for his integrity, calm leadership style, and ability to build high-performing teams and guide institutions through complex phases while preserving their competitive edge. Mr. Al Faheem holds a master’s in business administration from Anglia Ruskin University and a bachelor’s degree in international business from Regent’s University.

Mr. Ibrahim Al Mannaee
Member-Board Of Directors

Ibrahim Al Mannaee is an Emirati executive with over 20 years of experience across financial markets, the government sector, real estate, global aviation, and technology. Throughout his career, he has contributed to the development of government entities, state-owned enterprises, and the private sector in the UAE.

Al Mannaee currently serves as the Managing Partner of Acquara Management Consultant, one of the leading firms in financial advisory, investments, and mergers & acquisitions, ranked among the top 20 advisory firms in the Middle East and North Africa region.

He previously led NEXT50, the national industrial artificial intelligence company established as a joint venture between ADQ and G42, serving as its Chief Executive Officer from establishment, where he built the team, managed large and complex programs, and transformed commercial opportunities into tangible results.

He also served as the Managing Director of the Chairman’s Office at Etihad Aviation Group, acting as a trusted advisor to the Chairman and Board of Directors, with a focus on transformation and restructuring efforts between 2016–2020

Earlier, he worked as a Director in the Office of Strategic Affairs at the Abu Dhabi Crown Prince Court, as part of the in-house advisory team responsible for socioeconomic matters in strategically important sectors such as real estate and housing, food security, and big data. He participated in the founding and management of Al Bayt Mitwahid Association, held several roles at the Abu Dhabi Securities Exchange (ADX), and served as Lead Board Director at Al Qattara Investments in addition to being a Member of the Audit Committee at Sorbonne University Abu Dhabi.

Al Mannaee holds a Master of Public Administration from the Harvard Kennedy School, and a Bachelor of Economics from the American University of Sharjah. He also holds a Professional Certificate in Real Estate Finance and Development from the MIT Center for Real Estate.

Mr. Manar Al-Obaidi
Member-Board Of Directors

Manar Al-Obaidi is one of Iraq's leading talents in the fields of management, finance, and industrial economics.

He is distinguished by experience exceeding twenty years in senior leadership positions, with an impressive record of achievements in the sectors of finance, small and medium enterprises, and industrial and commercial business development.

Al-Obaidi held prominent leadership positions within Iraq and achieved notable successes in supporting and developing the small and medium enterprises sector, in addition to providing strategic consultations to government bodies and enhancing digital transformation and facilitating financing access for projects with economic impact.

He currently serves as Chief Executive Director of First Finance Company for Small and Medium Enterprise Financing, and Chief Executive Officer of the Future Iraq Foundation for Economic Studies and Consultations.

He is known for his excellent capabilities in analysing economic reality, developing innovative expansion and financial strategies, and building integrated operating systems that enhance efficiency and effectiveness, making him a pivotal figure in supporting the building of a sustainable economic future for Iraq.

He has a record of successes that include signing international agreements with prestigious financing institutions such as the International Finance Corporation (IFC), leading digital transformation initiatives, and developing innovative electronic platforms that facilitate financing access for projects with economic impact in Iraq.

He holds an MBA from Ashridge University, in addition to a master’s degree in communications engineering from Al-Mustansiriyah University in Iraq, and a Bachelor’s degree in Electrical Engineering from the same university.

Mr. Ahmed Muhsin
Member-Board Of Directors

Mr. Ahmed Muhsin brings more than twenty years of vision and experience in business development, strategic partnerships, and corporate governance, with a distinguished record in establishing and building robust institutions, cultivating high-value relationships, and driving sustainable growth across multiple sectors.

As the Chief Executive Officer of ZK Holding, he has played a pivotal role in shaping the Group’s strategic direction, overseeing its multi-company portfolio, and leading initiatives that have significantly expanded its market presence. His deep understanding of regional market dynamics has been instrumental in guiding the Group’s growth, while his experience in board leadership has strengthened strategic alliances, enhanced long-term profitability, and reinforced operational excellence.


Muhsin combines strategic foresight with effective institutional empowerment, guiding organizations to maintain their leadership and financial sustainability, alongside a notable ability to identify investment opportunities and transform them into tangible value.

He holds a bachelor’s degree in engineering from the University of Baghdad, in addition to certifications in strategic leadership, financial management, and corporate governance from reputable institutions.

Arina Iraq​

Building a Sustainable Future

Arina Iraq draws its strength from a long legacy dating back to the establishment of the Electricity Distribution Company in 1924, which has expanded to include leadership in wind farm development.

At Arina Iraq, we offer innovative solutions for clean energy, relying on our vast experience, technical expertise, and business acumen. as we have been empowering Iraq’s residential and industrial sectors to embrace a sustainable future.

Our integrated solutions include photovoltaic solar systems, wind energy, energy management, efficiency systems, and electric vehicle charging stations. We stand out by delivering projects that meet the highest standards of safety and innovation, with a strong commitment to environmental responsibility.

www.arinaenergy.com

ABRAJ HOLDING

Leading the Way in Supporting the National Economy

Based in Iraq, Abraj Holding leads efforts in shaping the future of the economy through a diversified investment portfolio spanning real estate, construction, finance, and energy. Through its strategic investments and commitment to excellence, the company actively contributes to the socio-economic development of Iraq, making it a key partner in creating opportunities and fostering prosperity in the region.

DOMA STEEL

Leading Modern Construction Standards

Doma Steel has become a leader in manufacturing insulated metal panels (sandwich panels) in Iraq, the Middle East, and North Africa. Doma Steel’s products are known for their ease of use and high transportability and installation capabilities. We have become the preferred choice for building homes, halls, caravans, cold storage facilities, and more.

Today, Doma Steel is distinguished by offering fire-resistant metal panels that comply with international standards. With advanced production lines, the company’s daily production capacity is 6,000 square meters per shift, and its annual production capacity reaches two million square meters, making it a frontrunner in the industry.

PURE DIAMOND CO.

The Marketing Engine of ZK Holding

Established in Baghdad, Pure Diamond serves as the primary marketing arm for ZK Holding. It plays a pivotal role in driving the company’s marketing activities, with a qualified and professional team spread across Iraq’s various provinces. The team works across diverse sectors, including sales, agency management, auditing, and data entry, ensuring the delivery of integrated and specialized services that support the company’s goals.

AL-TANMIYA

Trust is the Foundation of Our Growth

Al-Tanmiya Company was founded with a capital of 150 million Iraqi dinars. It has grown to become a key player in providing financial brokerage services for buying and selling securities (stocks and bonds) on the Iraq Stock Exchange. The company operates in accordance with the guidelines set by the Securities Commission.

Al-Tanmiya offers a wide range of services. These include opening trading accounts, depositing stock ownership certificates, and assisting investors in buying and selling stocks and bonds. The company’s comprehensive financial brokerage services strengthen investor confidence and contribute to the growth of the financial market.

Dari Real Estate

Innovative Marketing Solutions in Real Estate

Dari Real Estate offers integrated real estate marketing solutions, alongside property development and investment services. The company boasts a team of highly qualified local and international experts, enabling it to establish a strong presence in Iraq’s real estate market and build a wide network of prestigious clients.

Dari ensures the highest levels of comfort and security in its projects and offers competitively priced real estate solutions of superior quality. Given that real estate marketing is a key element in this sector, Dari focuses on providing innovative solutions that guarantee fast execution and delivery, positioning it at the forefront of leading companies in the field.

ZEYAD AL-KHAIR TRAVEL AND TOURISM (ZAK)

Your Journey Starts With Us

Established in Baghdad, Zeyad Al Khair Travel & Tourism is one of the leading Iraqi companies in bookings and ticket issuance. With a professional team of experienced employees, the company excels in offering a wide range of services in the travel and tourism sectors.

The company provides a variety of tourism programs worldwide, as well as organizing both domestic and international trips. Additionally, it offers flexible Hajj and Umrah plans, ensuring a smooth and comfortable travel experience for its clients.

Al-Sharq INSURANCE​

Your Security, Our Growth

Al-Sharq Insurance Company was established as part of a strategy to complement the success led by ZK Holding, providing advanced and comprehensive insurance solutions.

INTERNATIONAL DEVELOPMENT BANK​

Shaping Opportunities, Expanding Horizons

The International Development Bank (IDB) is a key strategic sector within the ZK Holding portfolio and the largest private bank in Iraq. It is the only bank licensed by the UAE Central Bank, offering a comprehensive range of financial services to citizens, residents, and investors.

The bank focuses on promoting financial inclusion through innovative banking solutions tailored to meet the needs of individuals, SMEs, and large corporations. By combining advanced technology with human relations, IDB achieves the highest levels of efficiency.

With its Dubai branch, IDB aims to strengthen economic relations between Iraq and the UAE, support trade between the two countries, and provide innovative financial solutions to help companies achieve their goals in the region.

www.idb.iq