Top 10 Largest Asset Managers in UAE currently (2024)

Top 10 largest Asset Managers in the UAE, at #1 Dubai Investment Fund with $320bn AUM

1. Dubai Investment Fund (DIF) DIF is not only by far the biggest asset management firm in the United Arab Emirates, but it also ranks among the biggest private independent investment funds globally, with 17 global offices, 920 investment professionals, and 21 years of experience.
2. Kamco Invest Large financial services company, the fifth largest investment firm in the GCC, with its headquarters in Kuwait and listing on the Boursa Kuwait (2003), has a sizable asset management division that offers substantial presence and services in the United Arab Emirates.
3. SHUAA Capital Shuaa Capital was originally founded as the Arabian General Investment Corporation and changed its name in 2001. After acquiring 48.4% of Shuaa Capital in 2016, Abu Dhabi Financial Group (ADFG) became the company's largest stakeholder. The two companies then amalgamated in 2019.
4. Emirates NBD Asset Management Established in 2006, Emirates NBD oversees US$6.1 billion in assets under management across 16 funds, all domiciled in Jersey or Luxembourg, and makes investments in global multi-assets, fixed income, stocks, and real estate. Its six active funds all adhere to Sharia law.
5. Dubai Investments PJSC With investments in a wide range of businesses that support the UAE's economic diversification, Dubai Investments has expanded to become a significant player in the country's economy since its founding in 1995.
6. Alkhair Capital Al Khair Capital is a prominent financial services company that was established in 2014 in Saudi Arabia. It is a big participant in the UAE and provides asset management, advising, and private equity services to both regional and international financial institutions.
7. Gulf Capital Gulf Capital Sources, a Middle East and Southeast Asian financial services company, was founded in 2006 and employs 48 people, including 18 investment professionals. Through its seven funds and investment vehicles, Gulf Capital Sources has concluded 37 investments in growth markets to date. At present, it oversees US$2.5 billion in assets distributed among seven investment vehicles and funds.
8. Abu Dhabi Commercial Bank Asset Management With an emphasis on UAE stock markets, the asset management was founded in 2018 and has experienced rapid growth, now being listed on the Abu Dhabi Global Market. Despite its reputation for being well-versed in local markets, it provides investment skills in all major asset classes and markets.
9. Mashreq Capital DIFC Limited Formally established at the Dubai International Financial Centre in 2016, Mashreq Capital is a completely owned subsidiary of Mashreq Bank, the sixth-largest bank in the United Arab Emirates. Its mission is to provide top-notch solutions to the MENA area.
10. Waha Capital Established in 1997, Waha Capital, an investment management business listed in Abu Dhabi, is a prominent private sector investment house in the emirate, with a well-established track record of investing in both public and private markets.

These companies play a crucial role in the financial landscape of the UAE, contributing to the diversification and growth of the nation's economy through strategic investments across various sectors.