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Abdul Kadir Hussain, Mashreq Capital, interview
02 December 2013
Abdul Kadir Hussain, chief executive of Mashreq Capital, talks to Hardeep Dhillon about opportunities in the Middle East ahead of the launch of its first sharia-compliant equity fund
Abdul Kadir Hussain
Mashreq Capital is looking to take advantage of buoyant
Middle Eastern equity markets by offering its first
sharia-compliant equity fund, which is scheduled for launch in
January 2014 and will invest in high-dividend equity
The new launch will help grow the asset management business to
over $1bn of assets under management (AuM), which at present
are $950m, according to Mashreq, with roughly two-thirds in
fixed income and a third in equity. AuMs have rocketed this
The asset manager signed a mandate with its mother company
Mashreq Bank to manage a $500m portfolio at the start of the
year and followed this up with new mandates of $10m-$15m each
with institutions in Oman and the United Arab Emirates.
Mashreq is expected to raise between $75m and $100m and itself
invest $20m of seed capital into what will be its fourth
Chief executive Abdul Kadir Hussain says: "It is...
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