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Gulf Finance House, Ithmaar Bank and Abu Dhabi Investment House have formed a strategic alliance to create 3 visionary new initiatives |
Gulf Finance House, Ithmaar Bank and Abu Dhabi Investment House have formed a strategic alliance to create 3 visionary new initiatives, namely, InfraCapital, AgriCapital and Hospitality Development Fund (HDF) focused on driving market specific innovation across the Middle East, North Africa, South Asia (MENASA) region and beyond.
InfraCapital will be the GCC's first investment bank specializing in the provision of tailored infrastructure development and finance. AgriCapital will be a new investment vehicle focused entirely on serving agricultural ventures and communities. HDF will be established to nurture and support opportunities across the global hospitality sector. This trio of shariah compliant initiatives represents a turning point in the systematic approach to specialist investments.
These products follow intensive due diligence and individual feasibility studies that confirmed a high level of demand across the infrastructure, agriculture and hospitality marketplaces. While each of the 3 alliance financial institutions will leverage their networks and experience in the creation of InfraCapital, AgriCapital and the HDF, they will all operate as stand alone businesses under their own management structure.
