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Al Hail Holding and Global Development join Al Masah
DUBAI - Al Masah Capital Limited has announced the joining of Al Hail Holding and Global Development Group to its current shareholders of the company.
Al Masah Capital is a MENA focused alternative investments asset manager with special focus on social infrastructure initiatives and promoting the private equity investments in important sectors including healthcare, and education. In addition, they manage several other lines of businesses such as asset management, real estate, and investment research.
Commenting on the announcement, Shailesh Dash, Founder and CEO of Al Masah Capital stated, “we are delighted to welcome Al Hail Holding and Global Development Group as our new shareholders, as well as on the board of directors of Al Masah Capital. The MENA region and especially the GCC have ample investment opportunities that enjoy high growth potential, and financial returns. The alternative investment business is still nascent in the region, when compared to the developed markets, which provides us with a lot of room to grow and offer different innovative products to our clients and investors. Al Hail Holding and Global Development Group partnership with us is a sign of confidence in the region, in our business, and the team”.
Al Hail Holding and Global Development Group are two separate investment holding companies based in Abu Dhabi, with various interests in real estate, property management, industrials, financial services, food & beverage sectors, etc.
Commenting on the news, Hamad Jassim Al Darwish, CEO of Al Hail Holding and Chairman of Global Development Group, stated “we are happy to announce our new partnership with Al Masah Capital, which we see as a long term relationship that would help in implementing the vision of our country’s leadership in diversifying and developing our economy.
“Our belief in Al Masah Capital’s team capabilities and their accomplishments in such a short time were the main factors for joining hands with the company. The region is in need of new ideas, strategies, and professional players in the alternative investments and private equity, and we look forward to support the growth of Al Masah Capital”.
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