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Zabeel Investments broadens portfolio with investment in DICAM's Global Strategic Equities Fund (GSEF)

Multi-diversified investment company; Zabeel Investments continues to increase its portfolio with its recent investment in DICAM's USD2 B Global Strategic Equities Fund (GSEF) which had its USD1 B first closing last month.

  • United Arab Emirates: Tuesday, March 20 - 2007 at 10:38
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        'caption' => 'HE Mohammed Ali Al Hashimi, Executive Chairman of Zabeel Investments.',
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HE Mohammed Ali Al Hashimi, Executive Chairman of Zabeel Investments.
HE Mohammed Ali Al Hashimi, Executive Chairman of Zabeel Investments.


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DICAM is the asset management subsidiary of Dubai International Capital LLC and is licensed by the DFSA to promote and market funds.

HE Mohammed Ali Al Hashimi, Executive Chairman of Zabeel Investments, said of this recent investment, 'Launched in October 2006, DICAM' Global Strategic Equities Fund intends to make structured investments in Fortune 500 global companies. This investment was a straightforward decision for us, taking into consideration DIC's impressive investment portfolio. It is also another prime example of Zabeel Investments' intention to broaden its investment portfolio through equity stakes and joint ventures for 2007.'

Zabeel Investments has embarked on a host of projects in recent months. In January the company announced it had taken an equity stake in regional private equity leader Abraaj Capital, an equity stake in the Depa United Group and, most recently, the Madaares initiative, a private joint stock company launched to raise educational standards in the UAE. The company's acquisition and development plans will continue to gain impetus in 2007, with a number of projects in the pipeline.

Sameer Al Ansari, Executive Chairman and Chief Executive Officer of Dubai International Capital, said: 'Zabeel investments' decision to invest in the Global Strategic Equities Fund is yet another step in building and strengthening the relationship between the two firms. The fund aims to offer investors an attractive return on their investments through a diversified portfolio of blue chip assets. We are confident about the future economic and strategic prospects of the investment opportunities we will be targeting over the next few years.'

Al Hashimi concluded, 'Our mission is to be the region's best private investment house, focusing on projects that guarantee us and our partners a good return on investment. At the same time, however, Zabeel Investments is committed to raising the levels of leadership in the UAE through scholarships and employment possibilities, all of which reaffirm our commitment to the country and the region.'

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About Zabeel Investments
Founded in February 2006, Zabeel Investments is a Dubai-based multi-diversified investment company focused in the areas of commercial real estate development and management, private equity and asset management across a wide range of economic sectors in the UAE, GCC and overseas.

Zabeel Investments property portfolio currently comprises AED 6.4 billion of prestige residential, commercial and hospitality developments. Zabeel Investments also has equity stakes in a number of businesses covering real estate, property design and construction, marketing communications, financial services and education.

About Dubai International Capital LLC

Established in 2004, Dubai International Capital LLC (DIC) is a Dubai-based international investment company. It is a wholly owned subsidiary of Dubai Holding. DIC manages an international portfolio of diverse assets that provide its stakeholders with value growth, diversification, and strategic investments and relationships.

DIC's investments have included: US$ 1.23 billion acquisition of Travelodge (UK), Britain's fastest growing budget hotel company, US$ 1 billion stake in DaimlerChrysler, the world's second largest carmaker and the US$ 1.2 billion acquisition of Doncasters Group (UK), an industrial manufacturing firm that produces precision engineering components across various industrial sectors.

DIC is a substantial investor in the Middle East. Investments include Ishraq, a US$150 million investment company that was formed to bring the Holiday Inn Express brand of hotels to the Gulf Co-operation Council (GCC) countries; and MENA Infrastructure Fund, a US$500 million fund targeting investment opportunities in infrastructure projects in the Middle East and North Africa region. In 2005, DIC launched Jordan Dubai Capital, a $300 million investment company that targets private equity opportunities in the Jordanian economy.

Additional information about Dubai International Capital is available at: www.dubaiic.com

For further information, please contact:
Rami Halawani, Anne Howard - Asda'a Public Relations, Dubai
Tel: +971 4 3344550 (ext: 446/458)
Lara Lynn Golden Posted by Lara Lynn Golden, News Editor
Tuesday, March 20 - 2007 at 10:38 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This Article was updated on Wednesday, May 09 - 2007


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