AL MASAH Capital Limited announced Sunday the joining of Al Hail Holding and Global Development Group (GDG) to its current shareholders of the company. Al Masah Capital is a MENA focused alternative investments asset manager with special focus on social infrastructure initiatives and promoting the private equity investments in important sectors including healthcare, and education. In addition, Al Masah Capital manages several other lines of businesses such as asset management, real estate, and investment research. Shailesh Dash, Founder & CEO of Al Masah Capital, said "we are delighted to welcome Al Hail Holding and Global Development Group as our new shareholders, as well as on the board of directors of Al Masah Capital Limited. The MENA region and especially the GCC have ample investment opportunities that enjoy high growth potential, and financial returns. The alternative investment business is still nascent in the region, when compared to the developed markets, which provides us with a lot of room to grow and offer different innovative products to our clients and investors. – SG Al Hail Holding and Global Development Group partnership with us is a sign of confidence in the region, in our business, and the team". Hamad Jassim Al Darwish, CEO of Al Hail Holding and Chairman of Global Development Group, said "we are happy to announce our new partnership with Al Masah Capital, which we see as a long term relationship that would help in implementing the vision of our country's leadership in diversifying and developing our economy. Our belief in Al Masah Capital's team capabilities and their accomplishments in such a short time were the main factors for joining hands with the company. The region is in need of new ideas, strategies, and professional players in the alternative investments and private equity, and we look forward to support the growth of Al Masah Capital." Al Masah Capital is managed by one of the most experienced management teams in the MENA region, and having an impressive track record in the fields of private equity and alternative investments in the MENA region. Al Masah Capital raised more than $400 million of assets under management (AUM) in different asset classes since inception in August 2010. Dash added "our plan is to reach an AUM of $1 billion by 2013, and Al Hail Holding and Global Development Group will form an integral part of this plan, as we are working on several strategies to open new markets in Abu Dhabi, GCC, and Asia in the near future. We are strengthening our team with new members throughout all of our business lines, and we plan to launch new products that would target several client bases very soon."
