Istithmar World Gets Licence to Operate from Dubai International Financial Centre

DUBAI - Istithmar World, the investment arm of government-run Dubai World, was given a licence to operate from the Dubai International Financial Centre.

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Published: Wed 1 Apr 2009, 12:42 AM

Last updated: Thu 18 Jul 2024, 1:46 PM

Istithmar World through its unit, Istithmar World Investment Management Ltd., will offer services focusing on strategic growth areas such as private equity and alternative investments. “The continued growth in the region has created huge potential for new and sophisticated financial services to manage the growing opportunities in the market,” said David Jackson, Istithmar World Investment senior executive officer. Dubai International Financial Centre CEO Nasser Al Shaali said the DIFC office will provide Isithmar a platform to target a wider investor base in the region.

“Over the last few years, this region has been seen a massive increase in both institutional and private wealth and due to its sound economic fundamentals, it continues to be a high-growth market for investment management services.”

business@khaleejtimes.com

Published: Wed 1 Apr 2009, 12:42 AM

Last updated: Thu 18 Jul 2024, 1:46 PM

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