Dubai, UAE, 12th May, 2013: Unicapita Advisory Co. Limited ("UACL") today announced the opening of its Dubai office following the award of a license by the Dubai Financial Services Authority (DFSA) to operate from Dubai International Financial Centre (DIFC).
Mr. Nawaf Al-Shamali, Senior Executive Officer of UACL said: "The intended plan of setting up UACL in Dubai emerged from a unique window of the opportunities currently present in the UAE and GCC region for a firm with the vision of the sponsors."
Mr. Al-Shamali continued: "The main objectives of UACL is to offer a broad spectrum of investment services and innovative solutions to corporate and individual investors, and family businesses in the GCC region, in line with a deliberate strategy adopted by a highly-qualified and experienced team. We also aim to become a model for regional investment advisory firms by promoting the concept of 'giving back' to the communities and countries in which we operate."
"The UACL founders believe that the UAE, GCC and wider Middle East markets provide a promising business opportunity for reputable and highly rated specialists providing financial and business advisory services, and financial products and investments," he added.
Jeff Singer, CEO of DIFC Authority said, "We are pleased to welcome UACL to the growing DIFC community and look forward to the company's contribution to the development of the regional financial services sector. The new office opening comes at a time when an increasing number of firms are choosing the DIFC to establish a stronger presence both regionally and internationally."
"We are delighted to have received the necessary approvals from the authorities at DFSA and DIFC, and we look forward to joining other international companies in the leading financial centre for the region," Mr. Al-Shamali concluded.
About Unicapita Advisory Co. Limited ("UACL")
UACL is regulated and authorized by Dubai Financial Services Authority (DFSA) as a company limited by shares, to carry on the following financial services:
- Arranging Credit or Deals in Investments
- Advising on Financial Products or Credit
UACL is governed by Dubai International Financial Centre (DIFC), under the Companies Law, DIFC Law No. 2 2009, DIFC Company Regulations and DIFC Operating Regulations.
About DIFC
The Dubai International Financial Centre (DIFC) is the financial and business hub connecting the region's emerging markets with the developed markets of Europe, Asia and the Americas.
Since its launch in 2004, DIFC, a purposely built financial free zone, has been committed to encouraging economic growth and development in the region through its strong financial and business infrastructure. Currently, DIFC's client base comprises almost 912 active registered firms, including 19 of the world's top 25 banks, 8 of the world's ten largest insurers, 6 out of 10 top law firms, 11 of the top 20 money managers in the world. Around 14 thousand employees operate in an open environment complemented by international legal and regulatory standards. DIFC offers its member companies benefits such as 100 percent foreign ownership, zero percent tax rate, with no restriction on capital convertibility or profit repatriation. DIFC has its own independent financial and ancillary services regulatory body, the Dubai Financial Services Authority (DFSA). It also has the DIFC Courts, which is an independent common law judiciary based in DIFC with jurisdiction over civil and commercial disputes in or relating to the Centre.
DIFC is built upon a modern legal, regulatory and physical infrastructure which makes it the destination of choice for Financial Services firms establishing a presence in the region.
For further information, please visit our website: www.difc.ae, or follow us on Twitter @DIFC.
For further inquiries, please contact:
Dubai International Financial Centre (Media)
Shaima Al Zarouni
Email: shaima.alzarouni@difc.ae
Tel: +971 4 362 2432
Unicapita Advisory Co. Limited
Nawaf Al-Shamali
Email: ns@unicapita.com
Tel: +971 4 327 4470
© Press Release 2013
