ASB Capital, a purpose-driven asset management firm licensed by the Dubai Financial Services Authority (DFSA), has commenced operations in the Dubai International Financial Centre (DIFC) with a starting AUM of $4.5 billion.
The firm will offer a diverse portfolio of wealth and asset management solutions, including public markets, private markets, and investment banking.
Rafik Nayed Group CEO – Al Salam Bank, MD – ASB Capital
“The launch of ASB Capital marks a strategic milestone in our vision to set a new standard in wealth and asset management. As the region’s high-net-worth individuals (HNWIs), family offices, and institutional investors seek more diverse, tailored investment strategies, both for accessing high-growth GCC markets and for gaining exposure to international opportunities, ASB Capital is uniquely positioned to bridge these needs. By leveraging our expertise to seamlessly connect regional opportunities to global investors and global opportunities to regional investors, we are well positioned to provide bespoke solutions that drive sustainable growth and long-term value.”
Hichem Djouhri, Senior Executive Officer of ASB Capital said that, “The DIFC continues to strengthen its role as a leading financial hub, attracting firms that drive innovation and global connectivity. By launching in the DIFC, ASB Capital reinforces our position as a key gateway for global capital flows, bridging regional investors with international markets.”
“Our expertise in combining deep regional knowledge with global reach will contribute to creating transformative investment solutions for both local and global investors. We are excited to welcome ASB Capital’s commitment to contributing to the DIFC’s vision of shaping the future of finance,” Hichem Djouhri added.
