Aditum Investment Management Limited (“Aditum”) was pleased to welcome its Shari’a Supervisory Board, chaired by Dr. Mohamed El Gari, last week for its annual meeting to oversee all matters of its Islamic business.
The move is a direct product response to the forthcoming changes by the UAE regulator to rules surrounding marketing funds to the public.
Aditum Investment Management Limited has announced that its assets under management (AUM) across its platforms have grown to more than $5bn.
The fund management industry is rarely cited as the paragon for gender diversity; however, it is slowly changing for the greater good.
Dubai-based construction bid management platform Procurified has raised $ 1.1 million for its Seed Round. The Round was led by DIFC-based Aditum Investment Management, with participation from US-based Signal Peak Ventures, Al Hathboor Group, Empede Capital and strategic Angels.
Dubai-based construction bid management platform Procurified, connecting buyers to vendors, has raised $1.1M in its SEED Round.
David Marshall, who has been associated with the regional finance sector for over two decades, believes that there will always be high demand for fixed income assets from regional clients and recent market sell offs will only add to this appeal.
Ogram, the region’s first digital on-demand staffing platform has announced a $3 million Series A funding round, led by Modus Capital and Aditum Investment Management. Dtec Ventures, the investment arm of Dubai Technology Entrepreneur Campus, the largest tech hub and coworking space in the MENA region, and DAAL VC, among other strategic investors, also participated in the round to support the company with scaling ‘The New Workforce’ across the globe.
Middle East and North Africa-focused FinTech Hubpay on Tuesday (Feb. 8) announced it has closed a $20 million Series A fundraising round and has also launched a cross-border digital wallet with no-cost remittances to drive financial inclusion across the region.
We are cautious but not overly concerned about the contagion effects of China’s property sector to the broader market. We think that, given the scale of leverage in the system, China’s long-term goal of consolidation and stability of the housing sector, we will witness temporary shocks and bouts of volatility time and again, as China shapes and reveals its policy steps.