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Greenstone becomes first fund placement firm licensed by UAE Securities and Commodities Authority
Source: Golin MENA for Greenstone Equity Partners , Author: Posted by BI-ME staff
Posted: Wed June 12, 2019 11:39 am

UAE.  Greenstone Equity Partners, the largest fund placement firm in the Middle East, has become the first firm of its kind to obtain a license to promote financial products and foreign securities by the UAE's Securities and Commodities Authority (SCA).

The SCA has granted Greenstone’s UAE subsidiary, Greenstone Equity Partners Financial Products Promotion L.L.C., a license to perform the activities of Financial Product Promotion and Foreign Securities Promotion. 

Under the new license, Greenstone will be able to carry out fund placement activities for its clients by registering funds with the SCA and providing international and local investment options for institutional and non-institutional investors in the UAE, furthering the SCA’s mission to boost investor confidence by enhancing the legislative framework necessary for the development of UAE-based capital markets. 

Securing this prestigious license marks a significant landmark in the growth story of Greenstone, cementing us as the leading placement firm for capital raising in the Middle East,” said Alex Gemici, Chairman of Greenstone Equity Partners.  “We thank the UAE Securities and Commodities Authority and support their mission. This license is the culmination of our compliance-first culture and supports our goal to bring a wide range of attractive and previously unavailable investment opportunities to investors in the UAE.”

Omar Al Gharabally, President and Partner of Greenstone Equity Partners, commented, “This license is an important cornerstone of Greenstone’s vision to be ‘within 30 minutes driving distance of every investor we cover,’ which we feel is the only effective way to establish the most productive relationships with our investors.”

About Greenstone Equity Partners
Founded in 2011 and headquartered in Dubai, Greenstone Equity Partners is the largest fund placement firm in the Middle East, raising capital for leading global fund managers from investors in the region.  Greenstone specializes in securing commitments of $2 million to $250 million per investor for fund managers with AUMs of $5 billion to $100+ billion from Greenstone’s comprehensive and unmatched relationship network of over 200 institutional investors and 1,500 family offices and ultra-high net worth individuals (UHNWIs).

Greenstone employs over 35 professionals across eight offices in the Middle East, enabling Greenstone to maintain its deeply rooted, long-term relationships with sovereign wealth funds, pension funds, insurance companies, financial institutions, family offices and UHNWIs.  Greenstone’s mission is to provide regional investors with access to the best global investment opportunities by matching their objectives to tax-efficient structures that also meet Islamic investment guidelines.

In addition to receiving numerous awards, Greenstone is ranked #5 globally among placement agents by capital raised in Preqin’s 2018 League Tables, even though Greenstone raises capital only in the Middle East.

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