UAE: Saudi-based fund management company, Ajeej Capital, which has received a preliminary license from the Dubai International Financial Center (DIFC), is in discussions with regulators to launch a new Shariah compliant fund.
The move follows the cancellation of the firm’s license by Saudi regulators in November last year. The firm has now established new offices in Dubai and expects to be fully operational this June, said Tarek Sakka, its CEO.