Al Masah Capital Management Ltd. has been granted a full service license by the Dubai Financial Services Authority and the asset management company will begin operating in the Dubai International Financial Centre.
The company, which will function as a Category 3 licensed entity, will be operating out of DIFC, a tax-free business park housing hundreds of companies, Al Masah said in an e-mailed statement on Sunday.
The license will allow Al Masah to widen its core activities to include managing assets, arranging credits or deals in investments and advising across multiple asset classes such as listed equities, private equity and real estate, the company said. (Bloomberg)
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