Company Insights Fajr Capital Banking & Finance Fajr Capital Overview Fajr Capital is a sovereign-backed private equity firm based in Dubai. It is owned by the Abu Dhabi Investment Council, one of the investment arms of the government of Abu Dhabi, which is itself owned by Mubadala Investment Company, one of Abu Dhabi’s sovereign wealth funds. Other shareholders include Brunei’s sovereign wealth fund the Brunei Investment Agency and Khazanah Nasional, the strategic investment arm of the government of Malaysia. Fajr Capital has operations in Brunei, Egypt, Malaysia, Indonesia, Saudi Arabia, Singapore and Turkey, as well as the UAE. It invests in the Middle East and Southeast Asia, and its investments include Aster DM Healthcare, food and beverage franchise operator Cravia and infrastructure asset manager Mena Infrastructure. Fajr Capital News Health Aster DM completes GCC and India business split Hospital chain Aster DM Healthcare has concluded the separation of its GCC and India businesses into two standalone entities. As part of the separation plan, a consortium of investors led by Fajr Capital, a UAE sovereign-backed private equity firm, acquired a 65 percent stake in Aster GCC. Dr Azad Moopen, the founder chairman of Aster, […] April 4, 2024 Exclusive Health Dubai hospitals are ailing in saturated healthcare market The general healthcare sector in Dubai is buckling under saturation, with weaker operators shutting down or battling financial woes, Dr Azad Moopen, the founder and chairman of Aster DM Healthcare, told AGBI. The healthcare sector in the emirate faces a challenging economic climate, marked by stubborn inflation, high interest rates and slow growth. The introduction […] February 6, 2024 Opinion Real Estate School’s in: UAE education is ripe for investment The listing of more education-based real estate investment trusts will diversify UAE capital markets February 5, 2024 Banking & Finance Aster DM to sell majority stake in Gulf business for $1bn UAE-based hospital chain Aster DM Healthcare will sell a majority stake in its Gulf business to a regional consortium for $1 billion as part of a plan to separate the unit from its Indian operations. A consortium led by state-backed Fajr Capital will own 65 percent of the Gulf business, while Azad Moopen, the founder […] November 29, 2023 Banking & Finance GCC private equity sector held back by lack of competition The GCC private equity industry is failing to reach its potential because of a lack of competition and a scarcity of local investment banks to help in dealmaking, according to Karim El Solh, chief executive of investment firm Gulf Capital. He believes a more mature investment banking industry would bring more players into private equity […] March 10, 2023 Posts navigation
Health Aster DM completes GCC and India business split Hospital chain Aster DM Healthcare has concluded the separation of its GCC and India businesses into two standalone entities. As part of the separation plan, a consortium of investors led by Fajr Capital, a UAE sovereign-backed private equity firm, acquired a 65 percent stake in Aster GCC. Dr Azad Moopen, the founder chairman of Aster, […] April 4, 2024
Exclusive Health Dubai hospitals are ailing in saturated healthcare market The general healthcare sector in Dubai is buckling under saturation, with weaker operators shutting down or battling financial woes, Dr Azad Moopen, the founder and chairman of Aster DM Healthcare, told AGBI. The healthcare sector in the emirate faces a challenging economic climate, marked by stubborn inflation, high interest rates and slow growth. The introduction […] February 6, 2024
Opinion Real Estate School’s in: UAE education is ripe for investment The listing of more education-based real estate investment trusts will diversify UAE capital markets February 5, 2024
Banking & Finance Aster DM to sell majority stake in Gulf business for $1bn UAE-based hospital chain Aster DM Healthcare will sell a majority stake in its Gulf business to a regional consortium for $1 billion as part of a plan to separate the unit from its Indian operations. A consortium led by state-backed Fajr Capital will own 65 percent of the Gulf business, while Azad Moopen, the founder […] November 29, 2023
Banking & Finance GCC private equity sector held back by lack of competition The GCC private equity industry is failing to reach its potential because of a lack of competition and a scarcity of local investment banks to help in dealmaking, according to Karim El Solh, chief executive of investment firm Gulf Capital. He believes a more mature investment banking industry would bring more players into private equity […] March 10, 2023
