The firm said that the establishment in Dubai will soon be followed by the launch of Asiya Investments Hong Kong, acting as the new base for the group’s asset management activities.
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Asiya Investments Dubai is a wholly owned subsidiary of the Asiya Investments group, previously known as KCIC, the Kuwait-listed investment company founded in 2005 to invest in the Asian markets.
Commenting on the announcement, group managing director of Asiya Investments and chairman of Asiya Investments Dubai, Ahmad Al-Hamad, said: "We are delighted to announce the launch of Asiya Investments, the new brand under which each of our companies will now operate. The group’s transition into a client focussed business marks the third phase of our growth following our establishment with $300 million dollars of capital and subsequent expansion from a focus on China to investing across the developing Asian countries.
"In what has been the most difficult five years in the global markets, including those in Asia, we have proven our sustainability and ability to navigate the most treacherous market conditions," he added.
Al-Hamad went on to say: "This is why we have chosen 2012, our 7th year of operations, to open our doors to a wider audience of investors. Co-investors are now not only able to invest in our funds and companies, but can also benefit from our advisory and research resources and expertise."
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By GlobalDataAsiya Investments Dubai Ltd is licensed and regulated by the Dubai Financial Services Authority.
