Istithmar, a private equity and alternative investment house headquartered in Dubai, was awarded the “2007 Best Private Equity House Award” from Banker Middle East, a member of the reputed CPI Financial Group. Istithmar was nominated by a panel comprised of international industry specialists and then voted upon in a competitive process amongst other prominent private equity firms in the region.
Congratulating Istithmar on the occasion, Mr. Sultan Ahmed Bin Sulayem, Chairman of Dubai World, said: “Dubai World will continue to support Istithmar’s ambition of becoming the premier private equity and alternative investment house in the region by affording it access to patient capital, extensive industry expertise and a global geographic network. Istithmar’s attainment of the 2007 Banker Middle East Award marks an important milestone in the company’s ambitious growth trajectory.”
Commenting on the occasion, Mr. Khaled Al Kamda, Vice-Chairman of Istithmar, said "We are extremely pleased with Istithmar's progress to date. We see this award not as a pinnacle of achievement but as a cornerstone of even greater things to come."
Receiving the award at the Ritz-Carlton in Doha, Mr. David Jackson, Chief Executive Officer of Istithmar, said: “The award is a vote of confidence by our esteemed peers in the region’s private equity and wider investment practice. We will continue to deploy capital prudently and creatively across a broad range of asset classes to ultimately drive wealth creation for our current and prospective shareholders.”
About Istithmar:
Istithmar is a private equity and alternative investment house headquartered in Dubai, the United Arab Emirates, with offices in Shanghai and New York. Established in 2003, it is 100% owned by Dubai World which in turn is wholly owned by the Government of Dubai. In the three years since its inception, Istithmar has invested in over 30 companies in three sectors -- consumer, industrial and financial services --- deploying in excess of $1.6 billion of capital. Istithmar’s ‘I’ Investment Philosophy is based around three core principles -- Ideas, Inquiry and Integrity -- and is the foundation on which the firm has established a broad portfolio of highly successful investments in the markets from North America and Europe to Asia and the Middle East. www.istithmar.ae
About Dubai World:
Dubai World is a holding company that manages and supervises the portfolio of businesses and projects for Dubai Government and works towards making Dubai the leading hub for the commerce and trading industry. Dubai World contributes to the rapid economic growth of Dubai across a wide range of strategic industry segments ranging from Nakheel’s unique real estate concepts; the iconic development of The Palm, DP World the third largest port operator in the world to segments as diverse as Investments, Leisure and Financial Services. www.dubaiworld.ae
