Al Hail Holding LLC (“Al Hail”), a leading Investment Holding Company based in Abu Dhabi has completed the acquisition of Allied Investment Partners PJSC (“AIP”). With the successful completion of this transaction, AIP is now owned by the investment giant Al Hail.
Established in 2007, AIP is licensed by the Securities and Commodities Authority in the United Arab Emirates. AIP is a leading financial institution, providing various services such as Asset Management, Alternative Investments, Wealth Management, Corporate Finance and Investment Banking Advisory.
Mr. Hamad Jassim Al Darwish, Chairman of AIP mentioned: “With the completion of this transaction, AIP has now become a fully local financial services firm, and aims to be the one stop shop for its clients providing wealth management, asset management, and a full suite of investment banking services”.
Mr. Iyad Abu Hweij, Managing Director of AIP, said “we are excited about this acquisition and the new Board of Directors which consists of reputable and experienced directors, which will also provide direction and guidance towards achieving AIP’s vision.”
Mr. Abu Hweij added, “We are in the final stages of the development of a new set of products which will be launched during this quarter. These products will enable AIP to further address market demand for safe, liquid, and unique investments across different asset classes.”
Working alongside different prominent asset managers and strategic partners, AIP is currently in the process of launching funds which invest in Fixed Income, Private Capital, Venture Capital, Trade Finance, and Infrastructure. In addition to promoting asset class diversification, these funds will also exhibit diverse geographical footprint, with some funds focused on specific regions across the globe, Mr. Abu Hweij stated.
About Allied Investment Partners PJSC:
Established in 2007, AIP is licensed by the Securities and Commodities Authority in the United Arab Emirates. AIP is a leading financial institution providing various services such as Asset Management, Alternative Investments, Wealth Management, Corporate Finance and Investment Banking Advisory.
Media Contacts:
Allied Investment Partners PJSC
Investor Relations
+971 4 518 6002
ir@aipuae.com
© Press Release 2021
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