Mubasher: Dimah Capital Investment, a subsidiary of Al Imtiaz Investment Group, is currently managing $900 million in total assets, the Kuwaiti asset manager’s deputy chairman Hossam Naser al Mozayel said.
A substantial portion of Dimah’s investments are based in the US, with $7.5 million in capital, al Mozayel said in a Tuesday press conference held for establishing subsidiary named APEX Capital Investments Corporation.
APEX Capital, a strategic extension for Dimah Capital in the US, will offer real estate-related investment services, including asset acquisition and management, al Mozayel said.
Most of Dimah’s investments in companies account for nearly a 10% stake, based on the investment categories and accompanying risks, while they are more real-estate oriented.
On a side note, al Mozayel stated that Dimah’s executive management is still considering listing its stocks on Boursa Kuwait, adding that there is no need to rush on this matter, as it should serve the interests of both the company and stakeholders.
Dimah has solid foundations which would help its business in the face of regional and global financial challenges,
In turn, this will add to its competitiveness among companies that operate in accordance with the Sharia principles ruling investment banking and wealth management.
