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DIC, first closing for GSEF
- United Arab Emirates: Sunday, February 18 - 2007 at 16:16
Dubai International Capital has held the first closing of its $2bn Global Strategic Equities Fund. Commitments at the first closing totalled $1bn with a second closing planned for early 2008. The DIC is the cornerstone investor in this fund while other investors include government investment arms, family businesses and institutions in the UAE, Qatar and Saudi Arabia. The fund intends to invest in Fortune 500 global companies.
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