Abu Dhabi Financial Group to expand in technology sector - CEO

Abu Dhabi – Mubasher: The technology sector offers distinguished investment opportunities to the companies, CEO of Abu Dhabi Financial Group (ADFG) Jassim Alseddiqi said.

“When we talk about technology, it's a completely different landscape than any other sector, the conventional sectors. Technology really is something that does not work with the conventional way of thinking,” Alseddiqi told CNBC.

In April, ADFG, a privately owned investment firm with over $6 billion of assets under management, acquired a strategic stake in 500 Startups fund.

The Abu Dhabi-based company has large investments in technology in the Middle East, especially in the UAE, in addition to having offices in India and Egypt which contribute to growing this sector, Alseddiqi noted.

Mubasher Contribution Time: 19-Apr-2018 08:45 (GMT)
Mubasher Last Update Time: 19-Apr-2018 09:11 (GMT)