Invest AD attracts $100m for UAE Equities Fund

Invest AD has attracted over $100 million (Dh367 million) to its newly launched UAE Equities Fund from institutional investors, reflecting rising interest in Middle East and North Africa markets.

The company launched the fund to invest in the United Arab Emirates stock markets last month, when it adopted a new name, "Invest AD", to reflect its growing role as a manager of third-party money.

Invest AD, created as the Abu Dhabi Investment Company in 1977 originally to invest on behalf of the emirate's government, has built up strong investment management, private equity, real estate, infrastructure and investment banking teams to serve global clients.