Al Etihad has been granted license by Emirates Securities and Commodities Authority (ESCA) to carry out financial advisory and financial analysis coverage in the UAE. Al Etihad is set up as a joint venture between Al Hail Holding and Al Masah Capital. Al Hail Holding is an investment holding company based in Abu Dhabi, with various interests in real estate, property management, industrials, financial services, food & beverage sectors etc.
Shailesh Dash, founder and CEO of Al Masah Capital, said: “We are very pleased to have opened our office in the Abu Dhabi and this is an important step towards realising our long term goals of developing the financial community in the region.”
Shailesh Dash, Hamad Jassim Al Darwish and others at opening of Al Masah’s office in Abu Dhabi. — Supplied photo
“Abu Dhabi is an attractive, fast growing market and the new venture will help us focus our resources more sharply on important institutions and financial products so we can stay ahead of the curve. We are also delighted to have partnered with Al Hail Holdings and look forward to developing new ideas and strategies in the country.”
Hamad Jassim Al Darwish, CEO of Al Hail Holding, said: “This will be a major undertaking in creating a world class financial institution and represents our commitment in implementing the vision of our country’s leadership. Al Hail Holding further cements its relationship with Al Masah Capital, who has been pioneers in creating financial products and solutions to cater to investor needs. We believe this Joint Venture will improve the scope and quality of financial products and services in the region.”
The Abu Dhabi office will be strengthened by joining of Arindam Bose who will be heading this venture. Arindam brings in immense regional experience in investment banking, private equity, financial advisory & client management. Arindam has been in the UAE for last 10 years and has worked with associated with Royal Bank of Scotland Group, The National Investor and Government of Dubai and World Bank Group.
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