Oryx Capital Receives License to Operate from the DIFCPress Release13 Oct 2010 11:13 am
Company set to benefit from the opportunities offered by the DIFC
Oryx Capital (Oryx), an independent private investment banking firm specialising in private equity, venture capital, real estate investments and advisory services, announced that it has received a license from the Dubai Financial Services Authority (DFSA) to operate in the Dubai International Financial Centre (DIFC). Oryx held a launch event yesterday that was attended by representatives of companies in the DIFC community.
Oryx targets emerging markets with a special focus on medium sized investment from a diverse range of sectors, including agribusiness, healthcare, education, financial services, real estate, telecommunication, retail, services and light manufacturing.
Welcoming the new entrant to the centre, H.E. Ahmed Humaid Al Tayer, Governor of DIFC said: “Oryx Capital’s decision to operate from the DIFC is timely given that investment activities have started to pick up in Dubai and across the region. Moreover, being based in the DIFC will offer Oryx a strategic base from which to grow their business in the Middle East, Africa and South Asian regions.”
Speaking at the launch event, Mohamed Hadi Mejai, Managing Director & CEO of Oryx Capital said: “We aim to build a leading regional investment banking firm offering rewarding investment opportunities, professional asset management and advisory services in emerging markets. Our mission is to link capital, ideas and people to deliver significant value to our stakeholders, while contributing to human development and adhering to an unequivocal commitment to excellence and a high set of values.
“Oryx Capital has chosen its entry into the DIFC at key moment as market confidence returns to Dubai and the wider region and we are well positioned to capitalise on this. The team selected has a long track record in investment banking and is committed to the region. We have a number of high profile mandates already underway for governments and public and private sector companies. We are also looking at opportunities in telecoms, alternative energy, Takaful and education sectors.”
The Dubai International Financial Centre continues to be the leading financial and business gateway between the Middle East, Africa and South Asia (MEASA) region and the world. Currently four of the world’s top five insurance companies, five of the world’s top 10 asset managers and 16 of the world’s top 20 banks use the DIFC as their regional business hub.