Istithmar World Investment Management (Dubai) Limited to operate from DIFC as a DFSA regulated entity



To focus on private equity and alternative investment opportunities

Istithmar World, the investment arm of Dubai World, today announced that its investment management entity, Istithmar World Investment Management (Dubai) Limited, has been granted a license by the Dubai Financial Services Authority (DFSA) to provide investment management services focusing on private equity and alternative investments from the Dubai International Financial Centre (DIFC).

Istithmar World Investment Management (Dubai) Limited is part of the Dubai World group, Dubai's global investment flag bearer focusing on strategic growth areas through its leading portfolio companies, which include Istithmar World, which is active in private equity globally and has US$9 billion of non-consolidated assets under management, including real estate investments.

Istithmar World Investment Management (Dubai) Limited is the first Dubai World entity to be authorised by the DFSA to conduct regulated activities in DIFC and will benefit from the global best practice standards of regulation and transparency promulgated by the body.

David Jackson, Senior Executive Officer of Istithmar World Investment Management (Dubai) Limited, said: “Istithmar World shares the spirit of DIFC in providing world class financial services that promote diversification of opportunities from within the region and beyond.

“The continued economic growth in the region has created huge potential for new and sophisticated financial services to manage the growing opportunities in the market. Istithmar World Investment Management (Dubai) Limited supports the vision of Dubai by providing a unique platform to facilitate the flow of liquidity to and from the region into a diverse range of investment opportunities, both regionally and internationally, while further enriching Istithmar World’s relationships with leading global financial centres such as DIFC.”

Nasser Al Shaali, CEO of DIFC Authority, said: “DIFC offers a strategic platform for providers of investment management services to target the wider region surrounding Dubai, which has some of the world’s largest and fastest growing markets for financial services. Over the last few years, this region has seen a massive increase in both institutional and private wealth, and due to its sound economic fundamentals and the vast scope for expansion, it continues to be a high-growth market for investment management services. We welcome Istithmar World to the DIFC financial services community and look forward to providing the company with the services that will help it develop its business.”

Istithmar World Investment Management (Dubai) Limited is a full-service investment management firm providing an array of financial services to institutional clients. The service suite offered by the company includes proprietary asset management across alternative asset classes, and private equity investment opportunities across a variety of asset classes for institutional and qualified individual investors.

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