Key Takeaways
- • Arada Capital, the proposed fund manager of master developer Arada, has completed its incorporation in Abu Dhabi Global Market (ADGM), according to a company press release carried by Zawya.
- • Abdullah Mohammed Al Mazrui, former managing director and CEO of the National Bank of Abu Dhabi, has been appointed an independent member of the board.
- • Aastha Billore, previously senior at Meraas, Dubai Holding, Careem (Uber) and Shamal Holding, has been named Chief Investment Officer.
- • Subject to grant of its Financial Services Permission (FSP), Arada Capital targets USD5 billion in assets under management over the next four years.
- • Initial focus is GCC real estate, with plans to expand into infrastructure and selected global markets.
Summary
Arada Capital has completed its incorporation in the Abu Dhabi Global Market (ADGM) and strengthened its leadership with an independent board appointment and a new Chief Investment Officer, the company announced in a press release published via Zawya. Arada Capital is the proposed fund manager of Arada, a master developer with operations in the UAE, the UK, Australia, Saudi Arabia and Syria, a project pipeline valued at $50 billion, and more than 70,000 homes worldwide, according to the release.
Abdullah Mohammed Al Mazrui has joined the board as an independent member. The release describes him as having more than four decades of leadership experience across banking, investment and commerce. He currently chairs Mazrui International and sits on the board of Investcorp in Bahrain. His prior roles include managing director and CEO of the National Bank of Abu Dhabi, chairman of Aramex and director of the Federal National Council.
Aastha Billore has been appointed Chief Investment Officer. The company says she brings nearly two decades of experience in capital raising, M&A and strategic transactions across Dubai developments, with senior roles at Meraas, Dubai Holding, Careem (Uber) and Shamal Holding.
HRH Prince Khaled bin Alwaleed bin Talal Al Saud, Executive Vice Chairman of Arada and Chairman of Arada Capital, said the firm aims to connect institutional and family office capital with selected opportunities, supported by governance and investment discipline. Moustafa Fahour OAM, CEO and Managing Director of Arada Capital, said the firm will start with GCC real estate, with plans to expand into infrastructure and selected global markets. He added that the mandate allows pursuit of third-party opportunities alongside Arada's pipeline.
Arada Capital is continuing to build its investment team. Subject to grant of its Financial Services Permission, the fund manager targets USD5 billion in assets under management over the next four years following fund establishment in the ADGM. The strategy pairs Arada's development expertise and regional relationships with disciplined investment assessment and governance.
Abdullah Mohammed Al Mazrui has joined the board as an independent member. The release describes him as having more than four decades of leadership experience across banking, investment and commerce. He currently chairs Mazrui International and sits on the board of Investcorp in Bahrain. His prior roles include managing director and CEO of the National Bank of Abu Dhabi, chairman of Aramex and director of the Federal National Council.
Aastha Billore has been appointed Chief Investment Officer. The company says she brings nearly two decades of experience in capital raising, M&A and strategic transactions across Dubai developments, with senior roles at Meraas, Dubai Holding, Careem (Uber) and Shamal Holding.
HRH Prince Khaled bin Alwaleed bin Talal Al Saud, Executive Vice Chairman of Arada and Chairman of Arada Capital, said the firm aims to connect institutional and family office capital with selected opportunities, supported by governance and investment discipline. Moustafa Fahour OAM, CEO and Managing Director of Arada Capital, said the firm will start with GCC real estate, with plans to expand into infrastructure and selected global markets. He added that the mandate allows pursuit of third-party opportunities alongside Arada's pipeline.
Arada Capital is continuing to build its investment team. Subject to grant of its Financial Services Permission, the fund manager targets USD5 billion in assets under management over the next four years following fund establishment in the ADGM. The strategy pairs Arada's development expertise and regional relationships with disciplined investment assessment and governance.
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