Dubai Investments set to boost its portfolio

January 12th, 2015

Plans to conclude Dh400m acquisitions in financial, real estate sectors by mid-2015.

Dubai — Dubai Investments, or DI, has unveiled plans to further expand its diversified portfolio by announcing two acquisitions in financial and real estate sectors for Dh400 million.

The leading investment company, which is listed on the Dubai Financial Market, is expected to conclude both the acquisitions by mid-2015 as final round of talks are still under way, according to sources.

Dubai Investments set to boost its portfolio  The new acquisitions are expected to reinforce Dubai Investments’ robust growth across its 40-plus subsidiaries and joint ventures, amidst surging trends and escalating investor confidence, DI said in a statement on Sunday.

The new financial entity, with expertise in asset management, corporate advisory, debt raising and brokerage capabilities, will augment DI’s capabilities in the sector.

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“The strategic move to acquire a financial services company will help Dubai Investment to prepare some of the firms in its portfolio for initial public offering in near future,” the sources said.

“We are eyeing expansion across our group portfolio and new acquisitions are in line with this strategy. The financial service company is a right fit for us and perfectly complements our model,” Khalid bin Kalban, managing director and chief executive of Dubai Investments, said in a statement to Khaleej Times…read more

Source: Khaleej Times

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