Tuesday 17 January 2012

Abu Dhabi's Qannas Investments to list on AIM and raise $50 million

Abu Dhabi Capital Management, an Abu-Dhabi based investment firm, announces the intention to launch Qannas Investments on AIM and to raise up to $50 million.

The company said Qannas will seek to generate a target IRR of at least 20 per cent and its investments will be held for 3-5 years. ADCM currently manages more than $100 million in assets for institutional and high net worth investors. Back in July 2011 we reported the first closing of ADCM fund raising.

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