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Dubai Investments, Al Mal to launch two funds

Staff Report/Dubai
Filed on June 5, 2016
Dubai Investments, Al Mal  to launch two funds

Dubai Investments has announced plans to launch two funds in partnership with Al Mal Capital.

Khalid bin Kalban, managing director and chief executive officer of Dubai Investments, said that the funds would target the healthcare and education sectors and would be sized around Dh1 billion each. Dubai Investments will support these funds with seed capital of up to 10 per cent, he added.

"The first fund which is likely to be launched sometime in October will focus on acquisition of real estate assets in the healthcare sector. The second fund is expected to be launched six months later and will target assets in the education sector. The funds will be structured to provide cash yield of around eight per cent p.a. with attractive IRRs on exit," said Kalban.

Al Mal Capital recently announced new business verticals - corporate advisory, investment management and direct investments - as part of a strategy to strengthen its market leadership. The new verticals, which will complement the capital markets, investment banking and asset management services of Al Mal Capital, are a part of its strategy to expand service offerings and product lines in line with its goal to become the leading investment institution across the UAE and the region.

"Al Mal Capital is opening a new chapter by expanding its service offerings, built on regional expertise and client-centric strategy. In partnership with Dubai Investments, Al Mal Capital will keep its focus on growth sectors and continue to diversify its assets under management. The company also has an impressive track record in launching and managing investment funds across the Mena region which have generated positive returns in different market cycles," said Naser Al Nabulsi, vice chairman and CEO of Al Mal Capital.



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