The licence will allow Al Masah Capital Management Limited to widen its core activities and include managing assets, arranging credits or deals in investments and advising across multiple asset classes such as listed equities, private equity and real estate. Investment solutions will be geared towards current market needs and developed in anticipation of future trends. Al Masah Capital is placing itself at the forefront of the next market evolution with a goal and ambition to be a market leader in the new regional order.
Mr. Marwan Lutfi, Deputy CEO and Head of Business Development, DIFC Authority said, "We are pleased to note that Al Masah Capital Management Limited has chosen Dubai as their base to operate across the MEASA region. We wish them the very best and offer all support for their continued success as we welcome them to the DIFC family."
Commenting on the issuance of the licence, Founder and CEO of Al Masah Capital Management Limited, Mr Shailesh Dash said, "We are delighted to receive the Category 3 DFSA licence. The licence gives us the right foundation and the ideal regulatory environment to put in place an impeccable track record and also comes at a time when the market is stabilizing, things are looking up regionally and our client base is looking to move off the sidelines and into attractive investment opportunities. We have a powerful executive and advisory board and a dynamic and proven professional investment team and this credible base is attracting clientele across the region for what we see as a very positive future for investors."
He added, "Our faith in this region's resurgence is unequivocal and we are very confident that Al Masah Capital Management Limited will be one of the frontline players."
Al Masah Capital Management Limited (AMCL) brings with it a promise of creating a fresh and viable value added option to economic investment. AMCL intends to take investment options to a more dynamic level and offer its client base a service and performance that is a benchmark for sustainable future growth.
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Al Masah Capital Management Limited granted DFSA license
- United Arab Emirates: Sunday, September 05 - 2010 at 11:38
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Al Masah Capital Management Limited, a rising player in the regional Alternative Asset Management space, has reached a significant milestone in the establishment of its reputation, being granted a full service license by the Dubai Financial Services Authority to function as a Category 3 licensed entity from the Dubai International Financial Centre (DIFC).
(L-R): Shailesh Dash, Najjad Zeenni, Marwan Lutfi and Kevin Birkett, Executive Director of Asset Management, DIFC Authority.
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Posted by Rima Ali Al MashniSunday, September 05 - 2010 at 11:38 UAE local time (GMT+4)
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About the DIFC
The Dubai International Financial Centre (DIFC) is an onshore finance and business hub connecting the Middle East, Africa and South Asia region (MEASA) and the rest of the world.
Since its launch in 2004, the DIFC has established a current client base of 745 firms which have registered at the Centre, including 16 of the world's largest 20 banking institutions. Thousands of employees operate in an open environment complemented by international regulations, laws and standards. The DIFC offers its member institutions incentives such as 100% foreign ownership, 0% tax rate on income and profits and no restriction on capital convertibility or profit repatriation. In addition, the DIFC's clients benefit from modern infrastructure, operational support services and business continuity facilities.
The Dubai International Financial Centre (DIFC) is an onshore finance and business hub connecting the Middle East, Africa and South Asia region (MEASA) and the rest of the world.
Since its launch in 2004, the DIFC has established a current client base of 745 firms which have registered at the Centre, including 16 of the world's largest 20 banking institutions. Thousands of employees operate in an open environment complemented by international regulations, laws and standards. The DIFC offers its member institutions incentives such as 100% foreign ownership, 0% tax rate on income and profits and no restriction on capital convertibility or profit repatriation. In addition, the DIFC's clients benefit from modern infrastructure, operational support services and business continuity facilities.
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