Abraaj Capital, the largest private equity firm in the Middle East, North Africa and South Asia region, has become the first pure private equity firm to be registered by Dubai Financial Services Authority (DFSA) to operate out of Dubai International Financial Centre (DIFC).
“It is with great pleasure that we welcome Abraaj Capital," Dr. Omar Bin Sulaiman, Director General of the DIFC Authority commented, welcoming the organisation.
"The track record of this company is second to none. It has been a pioneer in its field, establishing the private equity industry in the UAE and the region, and we are delighted that Abraaj has chosen to come to DIFC as the next stage of its development. Abraaj Capital is a great regional success story, and we welcome them to the DIFC," he added.
Abraaj Capital, which currently has $1 billion in assets under management, was recently voted “Middle East Private Equity Firm of the Year” by global readers of the Private Equity International (PEI) magazine, capping off a year which saw the firm close the region’s biggest ever fund, the Abraaj Buyout Fund II, at $500 million.
The company also manages investments for the Abraaj Buyout Fund I, The Abraaj Special Opportunities Fund and the Abraaj Real Estate Fund and recently announced a landmark joint venture with Sabre Capital in India to expand into that market.
Commenting on the firm's latest accolade, CEO and Vice Chairman of Abraaj Arif Naqvi noted that: “It is a tremendous achievement to be the first pure private equity firm to be registered by the DFSA."
"This is doubly significant when you consider that we have never been a regulated business, and it is testament to the high standards of corporate governance that we adhere to that the DFSA has given us this licence," he added.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment