Al Masah Capital Limited is pleased to announce the joining of Al Hail Holding and Global Development Group to its current shareholders of the company. Al Masah Capital Limited is a MENA focused alternative investments asset manager with special focus on social infrastructure initiatives and promoting the private equity investments in important sectors including healthcare, and education. In addition, Al Masah Capital Limited manages several other lines of businesses such as asset management, real estate, and investment research.
Commenting on the announcement, Mr. Shailesh Dash, Founder & CEO of Al Masah Capital stated," we are delighted to welcome Al Hail Holding and Global Development Group as our new shareholders, as well as on the board of directors of Al Masah Capital Limited. The MENA region and especially the GCC have ample investment opportunities that enjoy high growth potential, and financial returns. The alternative investment business is still nascent in the region, when compared to the developed markets, which provides us with a lot of room to grow and offer different innovative products to our clients and investors. Al Hail Holding and Global Development Group partnership with us is a sign of confidence in the region, in our business, and the team".
Pertinent to mention that Al Hail Holding and Global Development Group are two separate investment holding companies based in Abu Dhabi, with various interests in real estate, property management, industrials, financial services, food & beverage sectors, etc...
Commenting on the news, Mr.Hamad Jassim Al Darwish, CEO of al Hail Holding and Chairman of Global Development Group stated "we are happy to announce our new partnership with Al Masah Capital, which we see as a long term relationship that would help in implementing the vision of our country's leadership in diversifying and developing our economy. Our belief in Al Masah Capital's team capabilities and their accomplishments in such a short time were the main factors for joining hands with the company. The region is in need of new ideas, strategies, and professional players in the alternative investments and private equity, and we look forward to support the growth of Al Masah Capital".
Al Masah Capital Limited is managed by one of the most experienced management teams in the MENA region, and having an impressive track record in the fields of private equity and alternative investments in the MENA region. Al Masah Capital Limited raised more than US$400 mln of Assets Under Management (AUM) in different asset classes since inception in August 2010.
Mr. Shailesh Dash added "our plan is to reach an AUM of US$1 bln by 2013, and Al Hail Holding and Global Development Group will form an integral part of this plan, as we are working on several strategies to open new markets in Abu Dhabi, GCC, and Asia in the near future. We are strengthening our team with new members throughout all of our business lines, and we plan to launch new products that would target several client bases very soon".
On another note, Al Masah Capital's advisory board welcomed Dr. Mohamed Amin Liew Abdullah as its newest member. Dr. Amin's previous working experience includes almost fourteen years of service with the Brunei Government, out of which he was the Permanent Secretary of the Ministry of Industry and Primary Resources, and the Managing Director of the Brunei Investment Agency for almost 6 years.
Commenting on the news, Mr. Shailesh Dash stated "I have known Dr. Amin for the last 5 years, and I am delighted to announce that he will be joining our advisory board, to provide his invaluable advice on our strategy, products, and vision. Dr. Amin will also guide us in our planned expansion into Asia in the near future".
© Press Release 2012
