Invest AD Forms Invest AD Global Asset Manager
Posted on 09/18/2023
Formed in 1977, Abu Dhabi Investment Company (Invest AD) is a wholly owned subsidiary of Mubadala Investment Company. Invest AD announced the creation of Invest AD Global Asset Manager, the first company to obtain the Investment Fund Management activity license under the new regulations of the Securities and Commodities Authority (SCA).
“As a wholly owned subsidiary of Mubadala, the Abu Dhabi sovereign investor, we are pleased to be launching the first Investment Fund manager following the SCA’s new regulations,” said Mohammad Behzad Saleemi the Chief Executive Officer of Abu Dhabi Investment Company in a press release.
Invest AD Global Asset Manager aims to provide UAE investors access to sophisticated investment solutions specifically tailored to their investment needs. The company will also invest seed capital in its products, providing investors with additional comfort.
