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Istithmar World Vice Chairman outlines investment strategy

United Arab Emirates: Saturday, May 24 - 2008 at 10:55
PRESS RELEASE

Istithmar World, the investment arm of Dubai World, today reiterated that it will continue its global approach to investment, seeking opportunities across a diverse range of sectors in international markets, including the United States.

Adel Al Shirawi, Vice Chairman of Istithmar World.

Restating the group's commitment to identifying world-class businesses for investment, Adel Al Shirawi, Vice Chairman of Istithmar World, said: "Istithmar World's primary focus is growth and asset appreciation through a diverse portfolio which spans the globe. Going forward, we will continue to seek opportunities worldwide, including in the United States, where we already have an active asset base. The US continues to offer good returns and attractive opportunities with a diversified sector base and excellent leveraging.

"Following the highly successful investment in Barneys New York in 2007, Istithmar World successfully acquired a majority stake in Gulf Stream Asset Management LLC, a leading US-based institutional asset manager, last month." "This reinstates our commitment to international markets and our desire to invest in truly exceptional opportunities," he added.

"Istithmar World has a proven track record of successful investments and will continue to leverage its international expertise and resources in considering future opportunities to further expand its broad portfolio across markets."

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Related site: http://www.istithmarworld.com

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About Istithmar World:
Established in 2003, Istithmar World is an investment arm of Dubai World. In the five years since its inception, Istithmar World has built a broad portfolio of successful investments in markets ranging from North America and Europe to Asia and the Middle East, as well as across a variety of sectors, including consumer, industrial and financial services.

Based in Dubai and with offices in Shanghai and New York, the firm invests through its three separately-managed divisions: Istithmar World Capital, Istithmar World Aviation and Istithmar World Ventures.

Istithmar World Capital is a private equity and alternative investment house headquartered in Dubai, United Arab Emirates, with an office in Shanghai, China. Istithmar World Aviation invests in fast-growing sectors of the aviation and aerospace industry, including airlines, manufacturing, engineering and financing. Istithmar World Ventures is a venture capital platform that benefits promising start-ups and greenfield ventures by providing them with the necessary financial and managerial resources.

For further information about Istithmar World, please contact:
Nitin Nambiar / Gunjan Chaurasia
ASDA'A Public Relations
Exclusive Affiliate of Edelman, Middle East & North Africa
Dubai, UAE
Tel: 971-4-3344550
Fax: 971-4-3356080

Posted by Anne-Birte Stensgaard, Senior News Editor
Saturday, May 24 - 2008 at 10:55 UAE local time (GMT+4)

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Istithmar World Vice Chairman outlines investment strategy

Istithmar World, the investment arm of Dubai World, today reiterated that it will continue its global approach to investment, seeking opportunities across a diverse range of sectors in international markets, including the United States.

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