Daman Investments creates a tailor-made fixed maturity fund plan and raises $120mln for well-known GCC bank

Daman Investments creates a tailor-made fixed maturity fund plan and raises $120mln for well-known GCC bank

Dubai, UAE: Daman Investments has raised a USD 120 million fixed maturity plan as it expands across regional markets, creating a tailor-made fund for one of the GCC’s leading regional banks,

The tailored fixed maturity plan comes as Daman Investments significantly extends its reach across GCC countries and outside of its home market in the UAE by forging relationships with local and regional institutions and banks at various levels.

The fund follows a series of major successful mandates that Daman has secured from institutional investors.

This new fixed maturity plan reflects the trust that institutional investors have in the Daman Investments asset management team experience in creating and managing tailor-made funds specifically structured to meet its clients’ precise requirements. The USD 120 million maturity plan is indicative of Daman Investment’s ability to create personalized funds and its expertise in delivering on multi-asset class emerging markets strategies.

Shadi Hittini, Head of Sales-Wealth Management at Daman Investments, said; “Longevity within a market is important but not in itself the key to maintaining a competitive edge or unlocking personalized opportunities for investors. What really matters is the ability to understand the nuanced dynamics of specific national and regional markets and then transfer that understanding into the creative