Al Masah Capital goes on stream

The six individuals who will dictate the company's core competence have expressed a deep and long term commitment on maximizing investment opportunities in both, the long and short term scenarios. The strategies will be event driven and specific and will also encompass IPOs in Hong Kong and India.

The Board and investors in the company who come from Kuwait, India and UAE has as the Chairman Mr. Najjad Zeenni, a graduate from American university of Beirut who brings with him a strong technical expertise. Mr Zeenni is today in command of as many as nine successful companies and has enjoyed a 6 year tenure with ADNOC. The well known Indian entrepreneur KD Singh is the Vice Chairman and Shailesh Dash who earned a major name for himself during his tenure with Kuwait based Global Investment House will be the CEO. Joining them on the Board is Sheikh Sagr Humaid Alqassimi who has been instrumental in creating a strong nexus between the petroleum companies and by-products in the pharmaceutical industry. With a natural flair for planning and making strategic corporate decisions he has today earned an enviable reputation. The other three founder members are Mr. Zainal, one of the founders of Addax Investment Bank, Bahrain and widely acknowledged as one of the best seasonal investors in the region.

A powerhouse on his own is Mr. KD Singh who is presently the Chairman of Alchemist Group. Alchemist was conceived by Mr. Singh in 1981 and he has steered it astutely and with great industrial skill to becoming a $1.5bn conglomerate, employing more than 8,000 personnel across India.

The Board met for its inaugural meet last week and decided to launch 2 funds. These are Al Masah Capital Multi strategy fund Al Masah Social Infrastructure.

The company would also be announcing its regional and international advisory Board soon. The recruitment has already started and by the end of May 2010 the company would have 15 investment professionals in active mode.

AMCL, which has been incorporated as an exempted limited liability company under the provisions of the Companies Law (as amended) of the Cayman Islands intends to take investment options to a more dynamic level and offer its client base a service that is unrivalled.

Dash struck a note of high optimism for economic recovery by saying, "Based on the current market indicators, I believe the markets are going to exponentially improve in the next 12 to 18 months. I see us in a position to invest and capture the upside for our investors. It suits the liquidity profile of the investors today with the ticket size of subscription being only $200,000 and functioning as a 2 year fund. Investors can redeem their holdings after 1 year. The Fund would be launched in May 2010 and the company is in serious discussions with many Private Banks for marketing the fund."

Two new investors include Hamad Abdulaziz Al-Sager who began his career in the government sector, starting with Kuwait Investment Company where was promoted to manager within five years. In addition to running one of the leading Kuwaiti conglomerates A. H. Al Sager and Brothers, Mr. Al Sager is currently a board member National Bank of Ras Al Khaimah, Shuaa Capital and of National Bank of Kuwait, where his late father was one of the founding members. Waleed Abdulatif Al-Nusif is the chief editor of one of the leading local newspaper" Al-Qabas". He is currently the vice-chairman of Ajial Realestate and Entertainment Company, a listed company. In addition, Mr. Al-Nusif is the chairman of both subsidiaries Al-Hamra Cinema Company and Al-Hamra Real Estate Company, a landmark project of the world's tallest sculpted structure.