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Abu Dhabi, United Arab Emirates
Arada Capital, the investment fund company of Arad Developments, has completed its establishment in the Abu Dhabi Global Market (ADGM), with the appointment of a new independent member of its board of directors and a new Chief Investment Officer.
Abdullah Mohammed Al Mazrouei has been appointed as an independent member of Arad Capital’s Board of Directors and currently serves as Chairman of Al Mazrouei International, as well as on the Board of Directors of Investcorp in Bahrain, according to a statement by Arad.
The company explained that Asta Bellor was appointed as Chief Investment Officer at Arad Capital and held leadership positions in Meraas, Dubai Holding, and Careem & North Holding.
The company’s operations cover several areas, including real estate development and the hospitality and investment sectors
The company confirmed that it is continuing to build its investment team, pointing out that the investment funds company of "Arada" aims to reach assets under management worth $ 5 billion over the next four years, after the establishment of the fund in the Abu Dhabi Global Market, provided that it obtains a financial services delivery permit (FSP), noting that it intends to expand in the future in the field of infrastructure and global markets.
Arada Group operates as a major developer in the UAE, UK, Australia, Saudi Arabia and Syria. The company’s operations cover several areas, including real estate development, retail, education, health, hospitality, investment and asset management, while it has projects under development worth $ 46 billion.
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