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Dubai: Zabeel Investments on Sunday said it has launched a wholly-owned investment subsidiary, Zabeel Capital, which has been formed to focus on growing the company's global investment portfolio, across a multitude of sectors, both regionally and internationally.
This announcement follows the recent establishment of Zabeel Properties, the dedicated property development company for Zabeel Investments.
Mohammad Ali Al Hashimi, executive chairman of Zabeel Investments, highlighted that this strategic move was a result of the company's rapid growth and the many opportunities available for investors from the GCC region.
He said: "Over the past two years we have partnered with a number of leading players on investment opportunities both regionally and internationally. The success we have had to date underlines the need for a focused and dedicated entity that will be responsible for taking our investment portfolio forward.
"Dubai has become synonymous with investment, particularly from an international perspective and Zabeel Capital will play its part as a respected and recognised investor in order to enhance this reputation."
Zabeel Capital will be based at the Dubai International Financial Centre. Jbran Rahal, Zabeel Investments chief financial officer, has been appointed as managing director of Zabeel Capital.
Stakes
Zabeel Investments has made a number of key international investments, including strategic stakes in European Aeronautic Defence and Space Company and Sony Corp, as well as its recent acquisition of a 50 per cent stake in leading US-based hospitality development and management company, The Light Group - a move that marked the company's first foray into the US market.
Zabeel Investments has also taken stakes in regional private equity leader Abraaj Capital, Emaar Properties subsidiary Emaar Industries and Investments, Asteco Property Management, Depa United Group, Arzaq Holdings, Capital Club Limited and Madaares. It has also partnered with Emirates Investment Group and DIFC Investments to form Empire Aviation.
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