Sunday 3 October 2010

Abu Dhabi launches Iraq equities fund - Maktoob Business

Abu Dhabi's Invest AD has launched an Iraq equities fund to meet growing interest in the country from institutional and high net worth investors, it said on Sunday.

Government-owned Invest AD will seed the fund, which will invest in listed equities and pursue non-listed entities, the company said in a statement. It did not disclose the value the fund.

"As Iraq stabilises, it should take its place as one of the major economies in this vibrant region," Invest AD Chief Executive Officer Nazem Fawwaz Al Kudsi said in the statement.

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