DIC Asset Management – a wholly owned subsidiary of Dubai International Capital, the international investment arm of Dubai Holding; HSBC Bank Middle East; and Oasis International Leasing – has concluded the first close of its MENA Infrastructure Fund with commitments totalling $300 million.
“The positive response by investors is indicative of their confidence in the region and in the fund’s ability to deliver attractive returns from an asset class with low volatility,” says Robert Swift, the fund’s chief executive.
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