Sun Hung Kai Financial (SHKF) agreed in November to place 166,000,000 new shares to Dubai Investment Group. The placement represents approximately 9.88% of the enlarged issued share capital of SHKF.
Commenting on the new appointment Kamkar said: "We are pleased to be working closer with one of Hong Kong's leading investment companies. We have strong and strategic partnership with SHKF and we want to leverage on such ties. Our investments in Asia are notable and sustainable this is why we always aim to have representations in our partners' companies."
Kamkar has over 20 years of experience in the finance and investment fields. Before joining DIG, he worked with Emirates Financial Services, a subsidiary of Emirates Bank International, and played a major role in the development of the capital markets in the United Arab Emirates. Kamkar is also a director of DIG Asia Sdn. Bhd. ("DIG Asia"), a wholly owned subsidiary of DIG, a director of Emirates International Telecommunications L.L.C. as well as a director of the Thailand-listed Tanayong PLC and the Bombay-listed Thomas Cook India Limited.
Amin Rafie Othman is appointed as Alternate Director to Kamkar. Othman is the Managing Director of DIG Asia. He is also a director of Kuala Lumpur-listed Milux Corporation Berhad and Tanayong PLC. Othman has over 20 years of experience in the finance and investment fields. He was a past president of the Malaysian Association of Asset Managers and a member of the Listing Committee of Bursa Malaysia.
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Dubai Investment Group announces the appointment of its CEO as non-executive Director of Sun Hung Kai & Co. Limited
- United Arab Emirates: Wednesday, January 02 - 2008 at 15:26
Dubai Investment Group (DIG), the global financial investor of Dubai Group, a member of Dubai Holding, announced today that its Chief Executive Officer Abdulhakeem Kamkar was appointed as a non-executive Director of the Hong Kong-based investment company Sun Hung Kai & Co. Ltd. operating under the name of Sun Hung Kai Financial (SHKF).
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About Dubai Investment GroupDubai Investment Group, a Dubai Group company, has built an impressive track record over the past 7 years with a specific industry/sector focus including Alternatives, Financial, Real Estate, and Industrial with an objective to create a solid platform of earnings through the acquisition of profitable operating companies. DIG creates and manages a diversified and rapidly expanding portfolio of direct and indirect investments. Its subsidiaries include Dubai Ventures, Dubai Industrial and DIG Real Estate.
About Sun Hung Kai & Co. Limited and Sun Hung Kai Financial
With its foundation dating back to 1969, Sun Hung Kai & Co. Limited, which operates under the name Sun Hung Kai Financial, is the leading non-bank financial institution in Hong Kong. The Group currently has over HK$60 billion in assets under management, custody and/or advice, and in excess of HK$9 billion of shareholders' funds. Its core areas of focus include wealth management/brokerage, asset management, corporate finance, consumer finance as well as principal investments. Listed on the HKEx (stock code: 00086), the Group is currently capitalized at over HK$20 billion. It employs over 1,300 dedicated professionals (excluding employees from the healthcare business) and has an extensive branch and office network in over 50 locations in Hong Kong, Macau and China.
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Medilyn Manibo, Assistant News EditorWednesday, January 02 - 2008 at 15:26 UAE local time (GMT+4)
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