With more than $320 Billion AUM (assets under management) and over 7200 clients spread across 61 countries, Dubai Investment Fund is one of the biggest asset management firms in the Dubai International Financial Centre. Building an investment portfolio How to register an AMC in Dubai Making investments in Dubai What does an asset management company do? Explore the district beyond the office, Editions: Markets Herald Lincoln Citizen Madison Graph Fairmont Post The Hudson Weekly, Address: 1177 6th Avenue, 5th Floor, New York, NY 10036. The oldest private bank in the country, Mashreq established its asset management division in 2006. Deputy Editor, Investing and Corporate News, 2023 Belmont Star. Similar to the other leading AMCs in the country, Emirates NBD Asset Management has a significant real estate presence in its portfolio. Meanwhile, the Saudi stock exchange wasnt established until 2007, nearly 80 years later. All of these were strong steps towards building a solid foundation for the capital markets. All Rights Reserved. Through that business alone, the firm has completed a whopping 40 projects, with a value of 3.5 Billion AED ($953 Million). The DIF continues to be the leader among the UAE AMCs, at least as measured by the total AuM, and given its large lead over any other AMC in the country on this measure, it is very likely to stay at the top of the rankings in the foreseeable future. The DIFC Authority is responsible for the guiding strategy, ongoing development and overall public administration of DIFC. Emirates NBDs unique selling proposition is its diverse array of Sharia-compliant and conventional funds. In our first list of the Middle Easts 30 Biggest Asset Managers, Saudi Arabia dominates with 16 entries. However, they also offer several other products and services. The AMC runs a number of fixed-income, equity, and alternative investment funds. Why Should You Set Up an Asset Management Company in Dubai? Sarwa is a financial platform and app that lets you easily trade stocks and ETFs, buy and sell cryptocurrencies, and invest your money passively all in one place. 2023 Forbes Middle East. More than shopping,DIFCis about games and winning too. By now, Mashreq Capital has $1.8 billion AuM, the fifth highest result in the UAE. We help our clients to mitigate risk associated with global asset holding & protection. 2. The simple way to establish an investment fund in the Dubai They may also offer other financial services, such as banking and insurance. Right now, the firm controls $1.8 Billion in assets under management. Some large financial institutions and banks have branched out into offering both asset management, i.e., the buy-side, function as well as investment banking, i.e., the sell-side, advice and analytics to their clients. And they dont stop there; they provide hands-on guidance to their portfolio companies to ensure that they continue to have the most positive impact on their workers and communities. Crescent Enterprise operates across four distinct platforms Crescent Enterprise Operates, Crescent Enterprise Invest, Crescent Enterprise Ventures, and Crescent Enterprise Creates. We will keep you informed on the items that matter to you most. Media Advisories. Al Ramz Securities. Dalma Capital Management Limited Rapyd Celebrates First Dubai Anniversary with Record 4X Employee Growth. The bank established its asset management arm in 2018, and by now, it manages over $2 billion on behalf of its clients. More than shopping,DIFCis about games and winning too. As of now, they have about 13 companies in their portfolio. As one of the most popular tourist destinations in the world, Dubai is home to several fund and investment management companies. Simple and straightforward licensing, registration and regulation, makes setting up and operating in DIFC fast and efficient. I HAVE READ, UNDERSTAND AND AGEE TOTHE TERMS OF USE AND PRIVACY POLICY; and, I AM A PROFESSIONAL CLIENT OR AN ELIGIBLE COUNTERPARTY UNDER THE RULES OF THE FINANCIAL CONDUCT AUTHORITY OF THE UNITED KINGDOM; or I AM A PROFESSIONAL INVESTOR UNDER THE SECURITIES AND FUTURES ORDINANCE OF HONG KONG; or I AM A PROFESSIONAL CLIENT OR A MARKET COUNTERPARTY UNDER THE RULEBOOKS ADMINISTERED BY THE DUBAI FINANCIAL SERVICES AUTHORITY; and. With self-directed investments, the client has full control over investments, which are then executed through ADCBs impressive network of third-party brokers. Dubai and the UAE, in general, are widely recognized as world-class destinations, not just for visitors, but for businesses as well. There are many asset management companies and investment management firms in Dubai. M-F: 9AM-5PM. Explore the world-class ecosystem that will help your business thrive and grow. At the last count, the company employs workers from across 20 different countries, 25% of whom are women. Founded in 1979 as the Arabian General Investment Corporation (AGICO), the fund changed its name to SHUAA Capital in 2001. Established in 2001, the fund has over 7,000 private and institutional clients in over 60 countries. ADCB Asset Management is another AMC with a leading local bank behind it, the Abu Dhabi Commercial Bank (ADCB). The Middle East's 30 Biggest Asset Managers - Forbes Lists Top 10 Largest Investment & Asset Management Companies in UAE. Copyright 2016, RICO Global Holding Limited. Compared to most of the funds on this list, it is fairly young, as it was established in 2018. With its favorable business environment and expanding pool of capital, Dubai is well-positioned to continue attracting investment management firms from around the world. Category 3C DIFC Fund Manager License | DIFC License Categories | DIFC Company Formation - 10 Leaves DIFC Set up 27 years ago in 1995, DI was one of the first entrants into the then-fledgling Dubai International Finance Centre. They offer competitive fees and commissions. Founded in 1997 as a Public Joint Stock Company, Abu Dhabi Islamic Banks founders hold 29% of its equity, while approximately 100,000 shareholders own its remaining 71%. Come to the Centre and be surprised. They work across multiple aspects of the financial markets, including fund and investment management, capital markets, corporate finance, and private equity, providing such services as investment banking, asset management, custody services, brokerage, and market research. MENA | Mauritius | Abu Dhabi | Dubai Apex Group It has a rich history, with its roots in Bahrain, being a subsidiary of the popular Bank Alkhair. Learn more about the robust legal and regulatory framework that provides a safe and secure platform toDIFCs clients.. All the leading AMCs have significant real estate investments. It has a diverse presence in the above 20 countries on 4 continents. EMBDs major unique selling proposition is that it offers a truly diverse array of conventional and sharia-compliant funds; across the equity, fixed income, global multi-asset, and money market asset classes. The DFSA is the globally recognised independent regulator of financial services conducted in or from DIFC. They have an online platform that makes it easy to access your account and make transactions. Address: 1177 6th Avenue, 5th Floor, New York, NY 10036. Visa International. The base capital requirement for a Category 3C Asset Manager is US$ 500,000, and for a Category 4 Investment Advisor License is US$ 10,000. Also, the fund must have at least 50 qualified investors in order to be set up. Gulf Capital is the first on this list thats located outside of Dubai. 31 May 2023. Established in 2001, the fund has over 7,000 private and institutional clients in over 60 countries. As a firm that is fully aware of ESG responsibilities, NBK evaluates potential investments for worker welfare and social responsibility issues. The growth of the fund management industry in Dubai is a testament to the citys attractiveness as a destination for businesses and investors. Insolvency Practitioners and Official Liquidators, Submittals, Requests And External Works NOC, Corporates and Professional Services Providers. SHUAA Capital is an investment banking and asset management firm founded in 1979. Unicorn Investment Bank. Established in 2006, the AMC manages $6.1 billion across its 16 funds, investing in equities, fixed income, global multi-assets, and real estate. Asset Management Companies in the UAE | Markets Herald These are the qualities that this funds founders had in mind when they started the firm in 2009. Learn more about what DIFC has to offer, from easy set-up processes to an enabling infrastructure and a variety of office spaces. SHUAA is aware of the existence of certain entities or persons that are conducting financial scams using SHUAA Capitals name or the identity of SHUAA's management. A self-professed, socially conscious firm, Gulf Capital invests in growth markets across private equity, private debt, and real estate. Here is a list of the most popular best mutual funds available in UAE. Over their 24 years of operation, they have built an extensive track record in multiple sections of the financial markets wealth management, asset management, investment banking, brokerage, and even equity research. A fund management company is an organization that pools money from various investors to invest in securities such as stocks, bonds, and other assets. UAE, Saudi Arabia and 3 more. Fund Management Company. Top Asset Management Companies 2023 Established in Kuwait in 1998 and listed on Bursa Kuwait in 2003, KAMCO is a truly enormous financial services provider. Dubai Investment Fund - $320 Billion AUM With more than $320 Billion AUM (assets under management) and over 7200 clients spread across 61 countries, Dubai Investment Fund is one of the biggest asset management firms in the Dubai International Financial Centre. Explore the world-class ecosystem that will help your business thrive and grow. Some of its funds are domiciled in Bahrain and others in the DIFC. Of all the investment funds on this list, Cedarbridge is probably the one with the most reach. The company offers a variety of investment products and strategies that are designed to meet the needs of its clients. For questions please contact info@dalmacapital.com and media enquiries comms@dalmacapital.com. Visit the website at https://volo.finance/ to know more about the products and services. The DFSA is the globally recognised independent regulator of financial services conducted in or from DIFC. And on its investments in these sectors, it has earned a lifetime IRR of 45%. Since its commencement of operation about 24 years ago, KAMCO Investment Company has built an extensive track record in multiple financial markets sectors such as investment banking, asset management, equity research, and even brokerage. 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Through our network of international offices, RICO is able to provide corporates and high net-worth individuals with the establishment and administration of trusts in a number of onshore jurisdictions and international financial centers, including Barbados, New Zealand, Singapore, the United Kingdom, the United States, the British Virgin Islands and the Cayman Islands. The firm employs a total of 19 thorough-bred finance professionals who have produced credible, astounding returns for their investors year after year. Hence, it is no surprise that many international firms have set up their regional hubs in the UAE, and several educated and local professionals and talented expatriates have down roots here. They have a deep understanding of the local market and regulations, and their experienced team is adept at navigating the often volatile Middle Eastern markets. Fund Manager License in UAE | UAE License Categories - 10 Leaves Phone: (718) 313-5252. We know that a supportive business environment is key to helping your company thrive. Founded in 2005, NBK is a subsidiary of the National Bank of Kuwait. 14. Dubai International Financial Centre (DIFC) is one of the worlds most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and a nominal GDP of US$ 8 trillion. Generally, Al Khair Capital works across multiple aspects of the financial market, including investment management and fund, private equity, capital markets, brokerage, corporate finance, and so on. It was also one of the first companies to attain a listing on the Dubai Financial Market. Learn more about what DIFC has to offer, from easy set-up processes to an enabling infrastructure and a variety of office spaces. Crescent Enterprise is a multinational firm with diverse operations across several strategic sectors such as power and engineering, sustainable mobility, ports and logistics, business aviation, health care, etc. They offer a full suite of fund management services, from portfolio construction and asset allocation to risk management and performance monitoring. We work in partnership with our strategic partners through a range of integrated services including investment advisory, investment management, structuring, investment banking, compliance, operational, risk management and distribution support. Top Asset Management Companies 2023 Best Fund Management Company | Volofinance is Dubai's leading asset management firm and reliable investment management company with the best Fund Managers Copyright 2023 DIFC. Simple and straightforward licensing, registration and regulation, makes setting up and operating in DIFC fast and efficient. The DFSA is the globally recognised independent regulator of financial services conducted in or from DIFC. Founded in 2009, Al Khair Capital is based in Riyadh. They also maintain offices in London, Sydney, Mumbai, Tokyo, New York, Frankfurt, Zurich, and a few other cities across Europe and Asia. A lot of the investment funds on this list are subsidiaries of bigger banks, and Mashreq Capital is one of them its 100% owned by Mashreq Bank, the UAEs sixth-biggest bank, with ~AED 163 Billion in total assets. Insolvency Practitioners and Official Liquidators, Submittals, Requests And External Works NOC, Corporates and Professional Services Providers. Lets first scope down what we will refer to as an AMC since the precise definition of the term gets somewhat blurred on occasions, with the sell-side investment banks sometimes wrongly called asset managers. Established in 2006, Al Tamimi Investments is another heavyweight player in the Dubai financial space. It is followed by the U.A.E. . Join the global finance community to advance the industrys approach to climate and ESG principles through our Path to COP28 initiative. 6. Emirate Islamic Bank is the right choice for anyone seeking excellence in managing their finances. It assists entrepreneurs to open investment funds in Dubai. We will keep you informed on the items that matter to you most. And with discretionary investment management, they fully let go of the reins, allowing ADCB to take control. In the past, some of the funds were also based in the Cayman Islands, though none of the companys open funds are currently domiciled there. Given the sheer size of this industry titan, it is no surprise that the fund invests in a very wide range of sectors. Sitting at the heart of MEASA's financial services industry, DIFC provides the ideal platform for firms to develop, distribute, manage and domicile . UAE, Saudi Arabia. And in the years since, it has risen rapidly through the ranks, to an all-time high of 8th place in 2019, and is currently holding at 17th; ahead of Berlin, Geneva, Luxembourg, and many other major European cities. Investment management companies are typically large financial institutions with extensive experience in managing and investing money. The man, credited with being one of the brains behind US President Reagans economic reform plan, and the Bush administrations policy on taxes and the reconstruction of Iraq, plays a key role in determining Safanads investment strategy direction. Dubai Investment Fund Dubai Investment Fund is one of the largest asset management and investment companies in Dubai. UAE, Saudi Arabia and 4 more. Investment management firms are typically larger financial institutions that offer a wide range of services, including asset management. Asset Management | DIFC SHUAAs asset management division invests in four distinct segments defined by the firm public markets, private markets, real estate, and debt markets. The DRA provides an English-language, commercial common law judicial system, as well as a dispute resolution platform, and other services to deliver legal excellence in the Middle East. Copyright 2023 DIFC. The most recent one was the Global Sukuk Strategy (3 Years) at the Bonds, Loans & Sukuk Awards in 2021. Sophisticated fund set-up and structuring capabilities, World class regulation in a common-law framework. This is an investment trust, which is a special kind of mutual fund in UAE where the shares get traded just like the ordinary stocks. The ADCB managed funds include close to 20 products, mostly equity funds and regional index funds. Founded in 2003 and led by H.E. That same month, it won the EuroHedge 2021 Award for Best Emerging Markets. Corporate Analytics. Its no surprise that Citigroup made it to this list as it has over $250 billion in assets under management. DARAHIM is an independent private equity firm based in Abu Dhabi/Dubai. Three years later, in 2019, SHUAA and ADFG completely merged into one company, boosting the merged funds ranking among the UAE-based AMCs. We also excluded sovereign wealth funds, venture capital funds, and family-owned investment companies. Top 20 Largest Investment Funds in the UAE | The Ritz Herald Safe and stable, Dubai is a global city and business, trade and tourism centre thats fully connected to regional and global markets. Although they are headquartered in Kuwait, they have built a significant presence in the UAE since they opened a branch in the Dubai International Finance Centre in 2016. All Rights Reserved. Some of its most well-known exits are Advanced Laboratory Services and the Cairo for Investment and Real Estate Development (CIRA) fund. By maintaining such transparency in its strategies, it has been able to build exceptionally strong client relationships; hence its controlling $2 Billion AUM, only 4 years into its existence. Dubai Investment Fund (DIF) (US$320 billion in assets under management, or AUM). In May 2022, the fund reported that its total assets under management had grown 8% quarter-on-quarter to $1.7 Billion. . The most recent one is the Best Asset Management & Investment Banking Firm Middle East award, presented by the MEA Business Awards. Foundation and administration of domestic and foreign companies. The UAE has developed into a diversified financial service hub not only for institutions in the Middle East but institutions globally. DIFC Capital requirements. ALL RIGHTS RESERVED. Asset management companies are the gateway for most individual investors to their savings. Creating a fund in the Dubai International Financial Centre (DIFC) offers a safe and regulated zone with which to develop and grow. Al Khair Capital is another leading asset and investment company with well over $3 billion in assets under management. Download additional information about Asset Management in DIFC. An AMC is a company that manages the assets of multiple individual and institutional investors by pooling these assets together and investing them in a variety of financial products and venture equity.