Tuesday, 9 June 2009

Abu Dhabi Investment Company rebrands as Invest AD

Abu Dhabi Investment Company has rebranded as Invest AD in a drive to attract institutional investors to opportunities in the Middle East and North Africa region. The firm has also launched four new equity funds that it hopes will receive commitments from foreign investors.

The firm was established in 1977 to invest on behalf of the Abu Dhabi authorities, but now is now now inviting institutional investors around the world to invest alongside the Abu Dhabi government.

“The region is often regarded purely as a source of capital. In fact, phenomenal investment opportunity can be found right here,” said Invest AD chairman, Khalifa M Al Kindi. “MENA should increasingly become a destination for capital to be deployed by astute fund managers.”

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