New Fund Launched as UAE Markets Steam Ahead
The firm has also recently introduced its Al Mal Food & Beverage Fund that aims to capitalise on the growing food and beverage (F&B) market of the MENAT countries (Middle East, North Africa and Turkey) now estimated to be worth around $34 billion annually and growing fast. The fund will provide stable returns by investing in existing and profitable F&B businesses across the region. The fund is set up as a closed-end vehicle, with a flexible mandate for looking across the F&B subsectors to search out value-oriented opportunities over a five year time horizon. The fund will be capped at a committed size of AED 60 million, with funds to be drawn from investors over a two to three month period.