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Istithmar $3bn private equity
- United Arab Emirates: Monday, October 15 - 2007 at 07:46
Dubai investment firm Istithmar has spent up to $3bn in private equity since it was set up in 2003, according to its CEO David Jackson and cited by Gulf News. Jackson said the portfolio was worth around $12bn and it does not include investments by Istithmar Real Estate which has about $8bn worth of additional assets under management. Jackson said Istithmar hopes to increase its assets by around 40% per annum.
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Jonathan Sheikh-Miller, Deputy EditorMonday, October 15 - 2007 at 07:46 UAE local time (GMT+4)
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