Abu Dhabi's Qannas Investments to list on AIM and raise $50 million
Abu Dhabi Capital Management, an Abu-Dhabi based investment firm, announces the intention to launch Qannas Investments on AIM and to raise up to $50 million.
The company said Qannas will seek to generate a target IRR of at least 20 per cent and its investments will be held for 3-5 years. ADCM currently manages more than $100 million in assets for institutional and high net worth investors. Back in July 2011 we reported the first closing of ADCM fund raising.
Abu Dhabi Capital Management is listed in the Middle East Investors Directory with the code SINX2
More details follows
January 17, 2012 |
Filed under Abu Dhabi Capital Management, Abu Dhabi Venture Capital, Jassim Alseddiqi
Previous Post: Abu Dhabi Masdar Capital to launch a renewable energy fund with Japan's DBJ
Next Post: UK fund acquired its third real estate asset to lure Middle East investors
Investors Directory 2024