First Invest to raise Dh500m

DUBAI — Shaikh Ahmed bin Saeed Al Maktoum, Chairman Designate of First Invest yesterday exchanged a mandate letter with Khalid Jassim Kalban, Chairman of Emirates Financial Services PSC (EFS), appointing EFS as the Book Runner & Lead Manager for First Invest's Dh500 million equity capital-raising.

By Staff Reporter

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Published: Sun 18 Jun 2006, 10:26 AM

Last updated: Sat 4 Apr 2015, 3:24 PM

First Invest has obtained all the regulatory approvals to operate as a financial investment company with its head quarters in Dubai. The company will focus on investment business; offering corporate finance, private equity and asset management services. At the ceremony, Shaikh Ahmed said that he was pleased to engage EFS for this prestigious assignment. Khalid Jassim Kalban, Chairman of Emirates Financial Services PSC (EFS), thanked Shaikh Ahmed and First Invest's founders' committee for their confidence in EFS's capabilities and for entrusting this exclusive equity-raising assignment to them.

Suresh Kumar, Chief Executive Officer, Emirates Financial Services PSC (EFS), stated that invitations to participate in the equity-raising will be sent by EFS to selected business groups and high value individuals.

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