AIP may invest Dh5B in different funds
AIP's fixed income fund will focus on investment across the Mena.
Dubai - Leading financial institutions in GCC on board to offer best investment options in region
Allied Investment Partners (AIP) on Thursday announced plans to expand its services in Middle East and North Africa by investing over Dh5 billion in different themes during the next four years, top officials said.
Addressing a media briefing, AIP's senior leaders vow to offer investment products that will ensure returns ranging from minimum 5 per cent to strong double-digit profit despite volatile markets across the region.
The UAE-based wealth and asset management firm, which was established in 2007, said it will launch different funds by the end of this year.
"The fixed income fund will focus on investment across the Mena, the private capital fund will target Middle East and South Asia while the infrastructure fund will target the GCC," managing director Iyad Abu Hweij told Khaleej Times.
He said these funds will also exhibit a diverse geographical footprint, with some funds focused on specific regions across the globe. "Trade finance will have bright prospects in Africa," he said.
"We have two offices in the UAE - one each in Dubai and Abu Dhabi in addition to presence in London and Singapore. We will soon get permission to operate in Mauritius as well," he added.
Shailesh Dash, a serial entrepreneur and board member of AIP, said AIP has established some good partnerships with government and private sector companies to offer investment solutions to institutional clients, high net worth individuals and family offices.
"We have already tied up with more than 15 international and regional financial institutions to bring quality products and services to our clients," he said.
To a question, Abu Hweij said market volatility offers great opportunities to pick the right products at low valuations. "It's a volatile market across the globe, but we believe lot of good investment opportunities exist and we will capitalise on such options."
"Credit Suisse, Bank of Singapore, UBS, EFG and leading financial institutions in the GCC are on board to offer the best investment options in the region," he said.
To a question, Abu Hweij said markets' volatility offers great opportunities to pick right products at low valuations. "It's a volatile market across the globe, but we believe lot of good investment opportunities exist and we will capitalise on such options."
About initial public offerings (IPOs), he said approximately six to seven IPOs were launched successfully in the region and few more will come in next 12-18 months.