ADX-listed Eshraq Investments to focus on private equity in major strategy shift

ADX-listed Eshraq Investments to focus on private equity in major strategy shift

Eshraq Investments, which is listed on ADX, sees possibilities to take its new private equity focus region-wide. Image Credit: Abu Dhabi Securities Exchange LinkedIn

Dubai: The ADX-listed Eshraq Investments is going in for a reset - over the next five years, the fund manager plans to build up its private equity exposure. And at the same time, transition from its legacy assets.

In the recent past, Eshraq has done much to get started on the process, selling some of its real estate interests, including plots in Dubai. These moves have been net positive for the bottom-line, according to analysts, but more clearly can be done. 

"Eshraq intends to have control of its destiny by focusing on directly held private equity investments, complemented by cash generation from minority equity positions, fixed income assets and real estate to balance the portfolio and support consistency in earnings," the company said in a statement. 

The Board of Directors has mandated the management to 'commence execution of the strategy with immediate effect'.

Fahad Al Qassim, Chairman said: “On the successful execution of our strategy, we expect our investment proposition will be characterized by a well-diversified portfolio in growing sectors across the GCC, enabled by a strong