Dubai International Capital and Istithmar: Dubai flexes its buying muscle
Dubai World's Istithmar: The new kid on the block
Dubai Holding contains a number of financial and investment groups that seem to overlap. Capita Investment Group, Dubai Investment Group (DIG) and Dubai International Capital (DIC) all seem to focus at least partly on alternatives, financial assets, industrial stakes, private equity, asset management and Islamic financing (which the group also targets through its Noor Investment Group). How do these companies fit together – in particular DIG and DIC?
SA DIC was created just over two years ago [in October 2004] with a view to using some of the excess cashflow of Dubai Holding, to help them diversify and to create a long-term return on their investments by investing in different asset classes, primarily private equity and, to some extent, large cap listed equities.
DIG – or one of the two investment offices...
