Middle Eastern Family Offices - VC, Private Equity and Real Estate

The number of Middle Eastern clients setting up family offices in Singapore has doubled in the past year and will continue to grow as they focus more on Asia - DBS Private Bank in Singapore says.

Speaking at the Asia-Middle East Investment Summit in Singapore last week, Terry Farris, head of family office services at DBS Private Bank in Singapore, says he expects 50% of his firm’s discretionary portfolio management to be on behalf of Middle Eastern wealth by the end of June.

To see a list of family offices from the Middle East, check Middle East Investors Directory

More details from Asian Investors

Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, and Kingdom Holding Company announced investment of $300 million in Twitter.

Dow Jones is reporting that this $300 million represents a 3 percent stake in the company. Kingdom Holding already holds roughly 7 percent stake in News Corp as well. As DubaiBeat reported back in 2010, they had also acquired stake in GM for $500 million.

Kingdom Holding Company is listed in the Middle East Investors Directory with the code BFD84.

More details follows

Abu Dhabi based investor Hasan Abdullah Ismaik, has acquired 49 per cent of German soccer club 1860 Munich for $25 million.

Ismaik, 34, through his investment firm Marya, is ready to invest total $47 million into the ailing second division club which were one of the founder members of the Bundesliga, but relegation in 2004 has left it with severe financial difficulties.

To see more investors similar to Ismaik, check our Middle East Investors Directory

More details follows

A Saudi Arabian trust is interested in purchasing the Wilhelmshaven oil refinery in Germany put up for sale by US group ConocoPhillips, broadcaster NDR reported on its website this month.

The prospective buyer, who has links to the Saudi king, is keen to process Saudi crude at the site and is pushing for talks with ConocoPhillips - Bloomgerg is reporting.

To see list of Saudi and other Middle Eastern investors, check our Middle East Investors Directory

More details follows from Reuters

Continue reading "Saudi investors eye investment in German oil refinery" »

Reliance Capital, India’s biggest money manager, expects to attract up to $2 billion for its funds from the Gulf investors - the Bloomberg is reporting.

Rich individuals in the Middle East held about $1.5 trillion in wealth in 2009, according to research by Capgemini and Bank of America Corp’s Merrill Lynch unit.

To see list of Family Offices in Middle East, check our Middle East Investors Directory

More details from the Bloomberg follows

Continue reading "Indian Private Equity firm seeks to raise $2 billion from Gulf investors" »