Forsa has raised Dh250 million ($68 million) through the successful closure of two funds.

Forsa is an investment company dedicated to women investors in the Gulf region.

This impressive announcement comes after Forsa's launch just five months ago, which is a positive sign that the company is aggressively making its mark in the world of investments targeting women.

Forsa's first fund - 'Forsa Fund I', which is a general purpose fund and represents the newly-launched company's first investment foray, has raised Dh200 million. The amount will be invested in different sectors such as retail, education and healthcare.

'This is a very exciting time for Forsa, as we are rapidly moving ahead to fulfill our commitment by offering innovative investments covering a range of options and positioning women as prominent investors in the country's economic growth,' said CEO of Forsa sShamsa Rashid.

The second announced Dh50 million fund - Forsa Real Estate I - was launched to invest in a specific real estate project. An outstanding response was received from women from the UAE and the GCC states, who have invested their capital in this fund.

The success of Forsa in raising Dh250 million in funds since its launch in January 2007 has been attributed to the enthusiasm of women investors and the continuous support of Dubai World and its Chairman Sultan bin Sulayem.

Moreover, it was also announced that Forsa is launching its new Forsa asset management arm by signing a joint venture agreement with The National Investor (TNI), an Abu Dhabi-based investment company.

The initiative to build a strong alliance with TNI was formed as a result of the tremendous market need and prospect amongst women in the UAE and GCC to invest in a variety of asset classes and opportunities.

TNI's proven expertise in the field of asset management and investments will greatly contribute towards Forsa's goals of becoming the top women investment company in the region.Trade Arabia News Service