Essdar Capital Joins the DIFC

Essdar Capital Managers Limited, the asset management arm of Essdar Capital, will provide investment opportunities in its funds business to both large institutional investors as well as the region's most sophisticated private investors in key industry sectors such as Infrastructure (transportation, energy, water and electricity, telecommunications), Commercial and Residential Real Estate as well as Consumer Finance.

Nasser Al Shaali, Chief Executive Officer of the DIFC Authority, said: "As the fastest growing financial centre in the world, the DIFC is committed to providing a broad range of financial instruments to cater for the needs of the region's investor community. We are delighted to welcome Essdar Capital to the DIFC community and we are confident that their products and services will become valuable additions to the financial mechanisms already available at the centre."

Essdar Capital's shareholders are amongst the UAE's sovereign funds and prominent private institutions. Mr. Khalil Foulathi, Chairman of the Board of Essdar Capital said: "Essdar was established to provide objective, global class investment banking and asset management expertise to the region's major institutions. Its two DIFC companies, Essdar Capital Limited and Essdar Capital Managers Limited are to be the flagship of the Group. Essdar Group is now fully operational with a strong regional team recruited from major global financial centers."

Abdulla said: "In this new role, I am keen to contribute further to the success of an organisation that has become a powerful force for financial industry growth in this region. I look forward to working more closely with the team to drive business development strategies that will support the company's mission."