Al Mal Capital, a subsidiary of Dubai Investments and a diversified, multi-line investment institution licensed and regulated by the Central Bank of the UAE, has announced new business verticals – corporate advisory, investments management and direct investments – as part of a futuristic strategy aimed at strengthening its market leadership.

The new verticals, which will complement the capital markets, investment banking and asset management services of Al Mal Capital, are a part of its strategy to expand its service offerings and product lines with a strong client centric approach in line with its envisioned goal to become the leading investment institution across the UAE and the region.

Al Mal Capital, 60.86 per cent owned by Dubai Investments, also unveiled a new corporate identity to celebrate its partnership with DIC and 10 years of its success at a gala ceremony attended by Khalid Bin Kalban, chairman of Al Mal Capital and managing director and CEO of Dubai Investments, Naser Al Nabulsi, vice-chairman and CEO of Al Mal Capital, top businessmen, clients and guests.

Khalid Bin Kalban pointed out that the partnership between Dubai Investments and Al Mal Capital was based on trust, reputation and synergy of both companies, and followed strong growth indicators in the financial services sector, driven by diversifying economies and promising investment opportunities.

"With the integration, Al Mal Capital is able to offer a complete menu of diversified financial services, which will help it achieve significantly higher growth in the years to come," he stated.

Al Nabulsi said Al Mal Capital was opening a new chapter by expanding its service offerings, built on regional expertise and client centric strategy.

"In partnership with Dubai Investments, Al Mal Capital will keep its focus on growth sectors and continue to diversify its assets under management. The company also has an impressive track record in launching and managing investment funds across the Mena region which have generated positive returns in different market cycles," he added.

Al Mal Capital’s assets under management has witnessed tremendous growth in the last five years.

The company also announced a dividend of four per cent in its flagship product - Al Mal UAE Equity Fund, which completed 10 years of delivering consistent returns to its unitholders.

Since its inception, the Al Mal UAE Equity Fund has consistently outperformed its benchmark, the S&P UAE Index by 65 per cent, said the company in its statement.

The Al Mal Capital Investment Management vertical will look at introducing new international products; including hedge funds, equity funds and structured products, among others, it added.-TradeArabia News Service