Saudi capital market sees 20.9 per cent growth rate in 2024
assets under management
Latest in assets under management
Abu Dhabi
Abu Dhabi’s Lunate to acquire stake in wealth management firm Azura Partners
Azura headquarters to shift to ADGM in Abu Dhabi as part of the deal; New capital will help build AUM, talent, technology and footprint
assets under management
India-based Ambit Global Private Client expands footprint into Dubai
The new entity, Ambit Global Private Client (MENA) Limited, is the result of the strategic acquisition of Dubai-based Moonrock Investments Ltd by Ambit
Abu Dhabi Investment Authority
GCC royal private offices manage close to $500 billion in assets: Report
Sovereign wealth fund tracker Global SWF has identified 35 RPOs in the GCC, with the UAE home to a vast majority of these offices
Abu Dhabi
Waha Capital shareholders approve 2024 dividend and CSR initiative
Cash dividend of AED0.1 for FY 2024; Shareholders also authorise the allocation of up to 1% of the net profit to CSR initiatives
Abu Dhabi
Abu Dhabi’s Mubadala overtakes Saudi’s PIF as world’s top sovereign fund investor with over $29bn in 2024
Since 2023, Mubadala’s investments jumped 67% while PIF’s dropped 37%
Asset Management
Saudi asset management industry to pass $300bn: Fitch
Saudi asset management industry swells on back of regulatory reform and increased number of high-net-worth individuals in the Kingdom
acquisition
Saudi Arabia’s PIF AUM surges to $940.26bn to become world’s fifth largest SWF
The recent acquisition of 8% stake in Aramco boosts its total assets by $163.6 billion and is seen as critical to Saudi’s ambitious plans
assets under management
UAE among most ‘credible and solid’ international wealth hubs, says HSBC boss
The UAE is growing as a wealth management hub according to HSBC global wealth chief Nuno Matos, but some entrepreneurs worry their family lacks skills, passion, and work ethic to inherit the business
assets under management
UAE wealth management company OAM obtains license to operate from DIFC
In addition, they provide a Discretionary Portfolio service tailored to individual risk profiles and objectives
Asset Management
Global real estate investment management firm Neo Capital appoints Babak Sultani as CEO in bid to expand in GCC
Sultani joins Neo Capital from Investcorp, where he spent 15 years and held the role of MD of the Real Estate Group
assets under management
Jio Financial Services, BlackRock form JV to revolutionise India’s asset management industry
It will be a 50:50 JV between the newly-demerged unit of India’s biggest corporate house Reliance and the world’s largest investment company
Asset Management
Middle East asset management industry hits $100bn growth in 2022: Report
Asset managers globally will need to reduce costs by 20 percent overall, the report said
Asset allocation
Wealth managers across MENA expect big take-up of international fixed income
New research shows nearly four out of five wealth managers expect clients to increase allocations, Oxford Risk research shows
Asset Management
Middle East assets under management hit $1.2 trillion as retail investing gains steam
Retail investors among most important investor segments, making up 9 percent of assets under management
Abu Dhabi Business Hub
Aldar Investment creates logistics real estate vertical with acquisition of Abu Dhabi Business Hub
Aldar Logistics which will focus primarily on the UAE, with potential to expand into Saudi Arabia and Egypt
assets under management
Majority of sovereign wealth funds’ alternatives allocation remains in real estate and private equity: report
The bi-annual State Street Global Advisors report considered 34 of the largest sovereign wealth funds, located in 26 different jurisdictions, which as of year-end 2020, have total assets of approximately $8.5 trillion