UAE billionaire Hussain Sajwani eyes more investments outside Gulf

SectorReal Estate

UAE-based The DICO Group, the private investment vehicle of Emirati real estate baron Hussain Sajwani, is eyeing more investment opportunities outside the Gulf.The company that has recently acquired Italian fashion house Roberto Cavalli announced on Monday the appointment of Thierry Leleu as senior vice president for acquisitions.“Leleu’s new mandate is exploring possibilities for further acquisitions in other sector and notably of luxury brands for The DICO Group,” it added.Sajwani, founder and chairman of the firm, and chairman of DAMAC Properties, said Leleu’s appointment will further strengthen their business in the Western markets.The UAE-based businessman, whose net worth stood at $2.3 billion as of today, according to Forbes, established DICO in the early 1990s.“The DICO Group has enjoyed international growth by selectively choosing expansion markets and sectors that have helped position more...