Plans to conclude Dh400m acquisitions in financial, real estate sectors by mid-2015.
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.
“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.
Top executives say the finance document is certainly a confidence booster
Sultan Ahmed bin Sulayem, chairman of DP World, said Dubai is again underlining the growth of its economy by adopting the government sector’s no-deficit budget for 2015.
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