forsa charges ahead in its plans by raising aed 250 million in two funds

Published July 2nd, 2007 - 11:11 GMT

forsa charges ahead in its plans by raising aed 250 million in two funds

Women-only investment company closes 2 successful funds and announces its joint venture with The National Investor


FORSA, the investment company dedicated to women investors in the Gulf region, has announced that it has already raised AED 250 million through the successful closure of two funds. This impressive announcement comes after FORSA’s launch just 5 months ago, which is a positive sign that the company is aggressively making its mark in the world of investments targeting women.

FORSA’s first fund- ‘FORSA Fund I’, which is a general purpose fund and represents the newly-launched company’s first investment foray, has raised AED 200 million. The amount will be invested in different sectors such as retail, education and healthcare.

“This is a very exciting time for FORSA, as we are rapidly moving ahead to fulfil our commitment by offering innovative investments covering a range of options and positioning women as prominent investors in the country’s economic growth,” said Shamsa Rashid, Chief Executive Officer of FORSA, who spoke during a press conference held today (Monday, July 02, 2007) at the Burj Al Arab in Dubai.

The second announced AED 50 million fund- FORSA Real Estate I, was launched to invest in a specific real estate project. An outstanding response was received from women from the UAE and the GCC states, who have invested their capital in this fund. The success of FORSA in raising AED 250 million in funds since its launch in January 2007 has been attributed to the enthusiasm of women investors and the continuous support of Dubai World and its Chairman H.E Sultan Bin Sulayem.

“A large part of FORSA’s success is attributed to the relentless support of Dubai World and its companies. We are certainly very fortunate in this respect and we intend to leverage these relationships in order to achieve our goals to provide unique investment avenues for women, and to help women become more proactive players in the regional investment market,” Shamsa added.

Moreover, it was also announced that FORSA is launching its new FORSA asset management arm by signing a joint venture agreement with The National Investor (TNI), an Abu Dhabi-based investment company. The initiative to build a strong alliance with TNI was formed as a result of the tremendous market need and prospect amongst women in the UAE and GCC to invest in a variety of asset classes and opportunities. TNI’s proven expertise in the field of asset management and investments will greatly contribute towards FORSA’s goals of becoming the top women investment company in the region.  

 “We are very excited about the potential of this partnership and we are expecting excellent results from our joint venture.  With TNI contributing its asset management expertise, and FORSA contributing additional placement capabilities and inspiration, we are well positioned to achieve maximum results,” commented Orhan S Osmansoy, CEO, The National Investor.

Other speakers during the press conference included Khaled Al Kemdah, Vice Chairman of Istithmar; and Mrs. Maryam Sharaf, Chief Financial Officer of Dubai World.

FORSA is an investment company created by women for women, launched by Dubai World - a leading holding company based in Dubai.

The National Investor (TNI) is a UAE investment company with more than a decade of proven expertise spanning the spheres of investment banking, private equity, real estate, asset management and investment research. The company has launched a number of successful companies, including Gulf Energy Systems and National Investor Property Management Company (Colliers UAE), and lead-managed numerous public offerings.

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