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Article: Fajr makes Islamic investment debut.
- Article from:
- Gulf News (United Arab Emirates)
- Article date:
- October 7, 2009
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Dubai: Fajr Capital Ltd on Tuesday announced its launch as a new Islamic investment firm focusing on financial services and complementary opportunities in the broader economy in key Muslim markets.
With an initial funding of approximately $600 million (Dh2.2 billion) and access to further capital, the firm brings together a prominent and diverse set of shareholders. These include sovereign investment bodies such as Khazanah Nasional Berhad of Malaysia, Brunei Investment Agency and the Abu Dhabi Investment Council, together with private Saudi-based firm Masic, a member of the Al Subeaei Group.
The board of directors will be chaired by Shaikh Ebrahim Bin ...