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Al Mal Capital expands service offerings

Staff Report/dubai
Filed on June 5, 2016 | Last updated on June 5, 2016 at 06.25 am
Al Mal Capital expands service offerings
Khalid bin Kalban; Naser Al Nabulsi; Abdulaziz bin Yagub Al Serkal, general manager of Dubai Investments; Mushtaq Masood, group CFO of Dubai Investments and board member of Al Mal Capital; and Mohammed Al Raqbani, general manager of Dubai Investments Industries, attend the inauguration of Al Mal Capital's new office in Dubai.

(Supplied photo)

Investment firm launches three business verticals

Al Mal Capital, a subsidiary of Dubai Investments and a multi-line investment institution, has 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, 60.86 per cent owned by Dubai Investments, also unveiled a new corporate identity to celebrate its partnership with DIC and 10 years of its success at a ceremony attended by Khalid bin Kalban, chairman of Al Mal Capital and managing director and CEO of Dubai Investments, Naser Al Nabulsi, vice-chairman and CEO of Al Mal Capital, top businessmen, clients and guests.

Bin Kalban said: "The partnership between Dubai Investments and Al Mal Capital is based on trust, reputation and synergy of both companies, and follows strong growth indicators in the financial services sector, driven by diversifying economies and promising investment opportunities. With the integration, Al Mal Capital is able to offer a complete menu of diversified financial services, which will help it achieve significantly higher growth in the years to come."

Al Nabulsi said: "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."

Al Mal Capital announced a dividend of four per cent for its flagship product - Al Mal UAE Equity Fund.

The Al Mal Capital investment management vertical will introduce international products, including hedge funds, equity funds and structured products, among others.

With its corporate advisory arm, the company will soon launch a family office advisory service to provide specific solutions in governance, trust creation, investment management, strategy development, property management and corporate finance advisory consultancy, apart from the capital markets and M&A services.

Direct investments will focus on alternative asset management and is targeting real estate and private equity transactions in US and Europe.


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