UAE’s Arada to launch Arada Capital targeting $5bln in AUM

UAE’s Arada to launch Arada Capital targeting $5bln in AUM

By Zawya • 109 days ago

Summary:

UAE-based developer Arada is launching Arada Capital, a fund management platform aiming for $5 billion in assets under management within four years. Located in Abu Dhabi Global Market, it has received preliminary approval from the Financial Services Regulatory Authority and is awaiting final regulatory approval. The platform will offer institutional and qualified investors access to Arada's development projects and other real estate opportunities in the GCC. Moustafa Fahour OAM has been appointed as CEO and Managing Director of Arada Capital.

Source: Zawya

Author: Staff

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