Arada Capital, a newly established fund management platform by UAE property developer Arada, has received in-principle approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). The platform is set to target $5 billion in assets under management within four years, focusing initially on real estate opportunities across the Gulf Cooperation Council (GCC). Plans for expansion into infrastructure and broader private market strategies are also on the horizon, indicating a strategic move to diversify investment avenues for institutional and qualified investors.
Prince Khaled bin Alwaleed bin Talal has been appointed as chairman of Arada Capital, with an independent board overseeing its governance. Moustafa Fahour, who has held senior positions at UBS, Citigroup, and Macquarie Group, will serve as CEO and Managing Director, bringing a wealth of financial expertise to the platform. This leadership aims to leverage Arada's existing real estate operations, which boast a project pipeline valued at AED130 billion across the UAE, the UK, and Australia.
The focus on the UAE and Saudi Arabia for initial investments aligns with the growing demand for institutional-grade assets in the region. By providing access to deal flow, expertise, and governance, Arada Capital positions itself as a significant player in the evolving landscape of GCC investments. This initiative not only enhances Arada's portfolio but also signals a broader trend of institutional investment in the region's real estate and infrastructure sectors.
Prince Khaled bin Alwaleed bin Talal has been appointed as chairman of Arada Capital, with an independent board overseeing its governance. Moustafa Fahour, who has held senior positions at UBS, Citigroup, and Macquarie Group, will serve as CEO and Managing Director, bringing a wealth of financial expertise to the platform. This leadership aims to leverage Arada's existing real estate operations, which boast a project pipeline valued at AED130 billion across the UAE, the UK, and Australia.
The focus on the UAE and Saudi Arabia for initial investments aligns with the growing demand for institutional-grade assets in the region. By providing access to deal flow, expertise, and governance, Arada Capital positions itself as a significant player in the evolving landscape of GCC investments. This initiative not only enhances Arada's portfolio but also signals a broader trend of institutional investment in the region's real estate and infrastructure sectors.
Source: Fintech News ME
