Dubai's Sheikh Maktoum Explores Financial Expansion With CVC Capital Partners Co-Founder
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE, and President of Dubai International Financial Centre (DIFC), engaged in a significant meeting with Rolly van Rappard, Co-Founder and Co-Chair of CVC Capital Partners. This encounter took place at His Highness' Majlis in Nad Al Sheba, focusing on the expansion opportunities for global financial firms in the region and its surrounding emerging markets. The discussion highlighted Dubai's ascent as a global financial nucleus, supported by its advanced infrastructure and strategic policies conducive to investment.
During the meeting, Sheikh Maktoum emphasized Dubai's dynamic regulatory environment and its appeal as an ideal location for premier private equity entities like CVC Capital Partners to broaden their operational reach. This aligns with Dubai's ambition, under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to rank among the top four global financial centres as part of the Dubai Economic Agenda D33.
Furthermore, His Highness outlined strategic initiatives aimed at boosting the total volume of Dubai's stock markets to AED3 trillion and enhancing its capital market ecosystem. These efforts are designed to attract a wider spectrum of investors from local, regional, and international spheres. Rolly van Rappard expressed his gratitude towards Dubai for fostering a stable and progressive business environment, which he considers vital for attracting global private equity firms.
The meeting saw the attendance of notable figures such as Helal Almarri, Director General of Dubai's Department of Economy and Tourism; Essa Kazim, Governor of the DIFC; and Malek Al Malek, Chairman of TECOM and CEO of Dubai Holding Asset Management. Representatives from CVC Capital Partners included Özgür Önder, Head of the Dubai Office and Head of investments in Middle East & Turkey, and Ragheb El Rami, Head of Investor Relations & Fundraising in Middle East & Turkey.
CVC Capital Partners stands as a prominent global alternative investment management firm established in 1981. With €186 billion in assets under management across private equity, secondaries, and credit sectors, CVC operates a vast network spanning 29 local offices worldwide. Its private equity platform alone manages €116 billion in assets. With its strategic presence in the DIFC, CVC Capital Partners is poised to leverage Dubai's advantageous position to further its global investment objectives.
With inputs from WAM
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