Allied Investment Partners PJSC (AIP), the investment company, announced that it has received approval for five licenses from the Emirates Securities and Commodities Authority (ESCA), allowing it to offer a wide range of financial services. AIP’s chairman Mr. Hamad Al Darwish, said in a statement “we thank the Emirates Securities and Commodities Authority for their trust and confidence in us by providing these licenses. We appreciate the pro-active role the Authority is playing to regulate and grow the financial services industry in the United Arab Emirates”.

As per the Company’s announcement, the five licenses AIP received are:

  • Investment Management License: Management of securities portfolios or management of mutual funds
  • Management Company License: Establishing and managing Mutual Funds
  • Financial Advisory License: Managing the issuance and marketing of shares on behalf of an issuing company
  • Financial Consultation and Analysis License: Providing opinions and recommendations based on economic and financial research, feasibility analysis, and valuation of securities and commodities
  • Promotion License: Marketing, distribution, and publication of financial products

Shailesh Dash, board member of AIP and a serial entrepreneur, also said in a statement “The licenses provided by the ESCA place the company in an ideal position to offer its wide range of financial advise & services to its clients. Being regulated by the ESCA provides both shareholders and investors the assurance that AIP is committing to the highest level of transparency, ethics, and governance. Despite the presence of numerous boutique financial institutions in the region, there is an evident shortage of fully-fledged financial institutions that act as a one-stop shop to individual and institutional clients. The GCC/MENA market remains attractive given the fact that it enjoys solid demographic and economic fundamentals; in addition to the commitment of governments to invest in its economic infrastructure and continuously improve legislation that attracts and retains investments and talent.”

Iyad Aby Hweij, Managing Director of AIP, commented “We are very pleased with the decision of the Securities and Commodities Authority to grant us the five licenses and we would like to thank the Authority for their cooperation and support. Knowing the diligent process the ESCA follows before granting licenses reassures shareholders of the firm’s capabilities, and investors of the regulatory framework the Company operates within. We aim to provide institutional and individual clients across the various part of the world with standard and bespoke financial solutions and products. We will be providing wealth management solutions to HNWIs by partnering with global and regional banks and financial institutions. We will also be advising a private capital/ mezzanine platform, a trade finance fund, and are exploring strategic equity investment acquisitions. On the advisory front, we will also be active in corporate finance, M&A advisory, and private placements. We have established a large diverse team of investment professionals from leading institutions globally. Today, we are excited to start a journey which we are certain will be successful knowing the potential this market holds for investors. We expect to deploy significant funds in already identified opportunities in the GCC within the next 12 months.”

-Ends-

About Allied Investment Partners PJSC

Established in 2007, Allied Investment Partners PJSC is licensed by Central Bank of the UAE and Securities and Commodities Authority, and is a leading investment firm providing various services like Asset Management, Alternative Investments, Wealth Management, Securities and Custody Services, Corporate Finance and Investment Banking Advisory.

For more information, please visit http://aipuae.com/ 
For media enquiries, please contact Matrix Public Relations
Krishika Mahesh: Krishika@matrixdubai.com 
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