Abu Dhabi Investment House announces European Subsidiary in Geneva

Elaborating on the European venture, Mr. Rashad Janahi, CEO of ADIH said the subsidiary will be 100 per cent owned by financial institution which will commence its operations in the first quarter of next year will help increase investment flows between international markets and the GCC.

Mr. Rashad Janahi, Chief Executive Officer of ADIH, said:

"ADIH already has a presence in the European markets through our Euro144 million German Property Fund. The new subsidiary will help us enhance our footprints across the European markets further, adding value to the continuing economic partnership between the two regions."

He said the subsidiary will focus on providing value-added services in asset management, wealth management and financial advisory services, among others.

ADIH had made its maiden foray into the European market in March 2005 with the German property fund investing in residential properties spanning Berlin, Leipzig, Düsseldorf, Halle and other areas across Germany. "We are confident to source more investment opportunities for our clients from the European markets through the new subsidiary. We have already started looking out for more investment avenues in various key markets of Europe which will help us realize our core aim of maximising returns."

Mr. Janahi said the enhanced European foray with the setting up of the subsidiary is a salient reflection of the strategy of ADIH to be a global investment player. "Since our inception in September 2005, we have carved a niche for ourselves as a sophisticated investment house with in-depth knowledge of the regional markets. Our portfolio of infrastructure development projects in the Kingdom of Bahrain, Lebanon, Kingdom of Saudi Arabia and Egypt has helped us increase our expertise in the investment space and we would like to replicate this success in global markets now," he said.

"We are confident that the European subsidiary will increase exposure of GCC investors to the European markets and at the same time allow European investors access Middle East markets," Mr. Janahi said.

The subsidiary will also look at forging strategic alliances with European and foreign financial institutions which will bring in more flexibility and opportunities to investors from the GCC and Europe.

"The opening of the European subsidiary is a milestone in our global expansion strategy with a broad investment reach in key growth markets. We already have a team working on identifying existing and potential investment opportunities across the European markets, "Mr. Janahi added.