Dubai International Financial Centre (DIFC) has welcomed ASB Capital, a purpose-driven asset management firm licensed by the Dubai Financial Services Authority (DFSA).
The firm, which has commenced operations with an initial assets under management (AUM) of $4.5 billion, aims to provide a broad spectrum of wealth and asset management solutions, including public and private markets, as well as investment banking services.
Rafik Nayed, Group CEO of Al Salam Bank and Managing Director of ASB Capital, emphasized the firm's role in bridging regional and global investment opportunities.
“As the region’s high-net-worth individuals, family offices, and institutional investors seek more diverse and tailored investment strategies, ASB Capital is uniquely positioned to connect them with high-growth GCC markets and international opportunities,”
he said.
Nayed further highlighted ASB Capital’s commitment to delivering bespoke solutions that drive sustainable growth and long-term value.
“With a deep understanding of the GCC economies and market dynamics, ASB Capital is designed to cater to a sophisticated client base demanding multi-asset strategies aligned with their evolving financial goals.”
Hichem Djouhri, Senior Executive Officer of ASB Capital, underlined DIFC’s growing reputation as a global financial hub.
“By launching in the DIFC, ASB Capital reinforces its role as a key gateway for global capital flows, facilitating transformative investment solutions for both local and international investors.”
The firm’s entry into DIFC underscores its ambition to establish a trusted, independent wealth management platform while supporting DIFC’s vision of shaping the future of finance.
News Source: Emirates News Agency
