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Dundee subsidiary awarded license to operate in Dubai


Dundee’s 60 per cent controlled subsidiary, Arabia-Asia Capital Alliance, has been awarded a license by the Dubai Financial Services Authority to operate in the Dubai International Financial Centre.

The opening of an office in the DIFC will enable Dundee to provide asset management products to the Mena region’s sovereign funds, institutional funds, family offices and high net-worth individuals.

Ned Goodman, president and chief executive of Dundee, says: "We are excited about creating a presence in the Middle East and North African region which services over 318 million people representing an aggregate of approximately USD3trn of capital assets. Arabia-Asia will provide the local presence required to access capital and create partnerships in asset management. Dundee’s intention is to bring the highest quality investment opportunities to the region, increasing our access to capital for unique and major projects."

Dundee is an asset management company dedicated to private wealth management, real estate and resources.

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