AL MASAH Capital Limited, a Dubai based market leader in the investment sector, has just announced that the Luxemburg Financial Supervisory Authority, the CSSF, has given approval for Al Masah to set up the UCITS IV compliant fund platform. This is the first UCITS IV compliant fund platform in the MENA region showcasing AMCL's commitment not only to the region but also its market leadership as well as innovation in the investment sector. “The integration of this system establishes AMCL at the vanguard of the fund revolution currently taking place in the region and ensures its position as a key player in the ever evolving industry of investment and asset management," said Shailesh Dash, Founder and CEO, AMCL. The introduction of the UCITS IV compliant fund platform will be used by AMCL to launch its new regional equity options as well as its fixed income offerings in the market; a strategy which further strengthens its market presence, he added. “We have been able to meet our investors' highest quality standards by setting up this fund platform with the assistance of leading law firm Loyens & Loeff. Thanks to the efficient coordination between its Dubai and Luxembourg offices, as well as the combination of the commercial understanding and the technical and regulatory insights of its professionals, Loyens & Loeff contributed significantly to the successful establishment of this new UCITS IV compliant fund platform," Dash further said. AMCL has been very closely in contact with both regulators, CSSF in Luxemburg as well as DFSA in Dubai, during the application and approval process, which boasts the pro-activeness of both authorities in working together and bodes well for future growth possibilities, he added. “The introduction of the platform allows AMCL to open the regional markets to sophisticated investors from all over the world. AMCL's UCITS IV platform now gives them a safe channel to the highly lucrative and valuation friendly, oil-rich MENA Capital Markets," Dash noted. — SG
