April 30, 2017 12:22 PM ET

Diversified Financial Services

Company Overview of Dubai Group LLC

Company Overview

Dubai Group LLC, a diversified financial services company, engages in banking, investment, and insurance businesses in the Middle East, North Africa, the European Union, North America, South East Asia, China, and the Indian subcontinent, as well as Central, East, and South Africa. It operates private banks in Dubai, Bahrain, and Pakistan to provide wealth management solutions to high-net-worth individuals and institutional investors; investments in halal living, healthcare, hospitality, and other investments sectors; and a private brokerage company. The company also operates a real estate asset management company that provides investment sourcing and origination, underwriting and financial a...

Emirates Towers

Level 38

Sheikh Zayed Road

P.O. Box 213311

Dubai,  

United Arab Emirates

Founded in 2000

Phone:

971 4 3300707

Fax:

971 4 3303260

Key Executives for Dubai Group LLC

Chief Executive Officer
Age: 63
Chief Financial Officer
Age: 49
Acting Chief Executive Officer of Dubai Financial Group
Managing Director of Corporate Governance
Head of Central Operation Department
Compensation as of Fiscal Year 2016.

Dubai Group LLC Key Developments

Abu Dhabi's ADFG, Al Mal Capital Among Shuaa Capital Bidder

Abu Dhabi Financial Group and Al Mal Capital PSC are among the bidders for Dubai Group's 48.4% stake in SHUAA Capital psc (DFM:SHUAA), sources familiar with the matter told Reuters. Dubai Group is in the process of selling its holding in SHUAA Capital to raise funds to meet repayments under its $10 billion debt restructuring. Abu Dhabi Financial Group has placed a bid for Shuaa, an Abu Dhabi-based banker and a Dubai banker said. Al Mal Capital has also bid for Shuaa, the Dubai-based banker and a second Dubai-based banker said. Abu Dhabi Financial Group declined to comment when contacted by Reuters, while Al Mal Capital did not respond to emails from Reuters requesting comment.

Natixis Reportedly Seeks Buyers

Natixis (ENXTPA:KN) is holding discussions to find buyers for Dubai Group's banking assets. The assets back a $1.1bn loan to Dubai Group. Natixis is looking to recover funds from the deal. Natixis is working with Moelis & Co to find a buyer for the 12% in both EFG Hermes Holding S.A.E. (CASE:HRHO) and Bank muscat SAOG (MSM:BKMB). Natixis has the option to sell the stakes if Dubai Group does not repay the loan by the end of March.

Dubai To Reportedly Sell Stake In SHUAA

Dubai Group intends to sell stake in SHUAA Capital psc (DFM:SHUAA). Dubai has appointed Emirates NBD PJSC to help find a buyer for its stake, according to two people familiar with the matter. The sale process is at an early stage and may not result in a deal, said the people, asking not to be identified because the talks are private. Bloomberg added that Dubai Group, Emirate NBD and SHUAA all declined to comment.

Similar Private Companies By Industry

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Cupola Investments Limited Middle East/Africa
Dubai Financial Support Fund Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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