Zabeel launches new subsidiary
Dubai, March 31, 2008
Zabeel Investments has announced the launch of a wholly owned subsidiary to focus on the company's global investment portfolio, across a multitude of sectors.
The setting up of Zabeel Capital follows the recent establishment of Zabeel Properties, the dedicated property development company for Zabeel Investments.
Mohammed Ali Al Hashimi, executive chairman of Zabeel Investments, highlighted that this strategic move was a result of the company's rapid growth and the many opportunities available for investors from the GCC region.
Zabeel Capital will be based at the Dubai International Financial Centre, and Jbran Rahal, Zabeel Investments chief financial officer has been appointed as managing director of the new unit.