Kuwait-based Asiya launches Hong Kong operation

Asiya Hong Kong, which is licensed by the Securities & Futures Commission (SFC) to carry securities advisory services and asset management activities, will deepen the group's relationships with local institutions and businesses, witha view to sourcing more investments.

A 20-strong team of investment professionals will be established in Hong Kong, led by executive directors Sulaiman Alireza and Dan Xystus. Alireza, who previously worked at HSBC's Capital Markets division, will take responsibility for direct investments and joint ventures, which presumably includes private equity.

"Historically, there has been an under investment from the GCC into Asia relative to the region's share of global growth," Ahmad Al-Hamad, Asiya's group managing director, said in a statement. "Now we're finding increasing demand from Arab investors for detailed knowledge of the investment landscape in Asia."

He added that the move builds upon solid foundations Asiya has established in Asia over the past eight years. The group has deployed more than $500 million in the region through partners.

Established in 2005 as the Kuwait China Investment Company (KCIC), Asiya positions itself as a bridge between the Middle East and Asia. The firm invests its own capital alongside clients in public and private equity, real estate and income producing strategies. It is particularly interested energy, real estate, infrastructure, financial services and consumer products.

Asiya's shareholders include the Kuwait Investment Authority (KIA), Alghanim Industries, and Prince Sultan M. bin Saud Al-Kabir of Saudi Arabia.

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• Topics
• Greater China
• Financials
• Advisory
• MENA
• Hong Kong (China)
• professional services
• MENA
• Asia