Abu Dhabi Investment Company announced yesterday the launch of Invest AD Global Asset Manager, which is the first company to obtain a license to manage investment asset funds under the new regulations of the Securities and Commodities Authority.
The new company will work to launch investment products in asset classes and alternative stocks, in partnership with leading global asset management companies. The CEO of Abu Dhabi Investment Company, Mohamed Behzad Salimi, said, “The new regulations of the Securities and Commodities Authority are designed to revitalize the asset management sector in the UAE,” noting that “the establishment of this company comes as a commitment from us to play a leadership role in supporting these efforts.”
He added, “The company aims to provide investors in the UAE with advanced investment solutions specifically designed to meet their investment needs,” noting that “the company will also invest the initial capital in its products, which will provide investors with additional comfort.”
Salimi stated, “With Abu Dhabi Investment Company’s track record spanning more than 45 years, we believe that the new company is qualified to meet the growing demand for distinguished investment solutions in the region, and we are committed to working side by side with our clients to help them achieve their investment goals.”
2023-09-14 22:00:46
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