The asset company Azura exchanges Monaco against Abu Dhabi after the Lunate deal

With the support of Lunates, Azura will set and offer more products that, according to a statement, are intended to increase more products that are currently around 5 billion US dollars (RM 21.58 billion). The company will remain independent, with Jamal and current management maintain operational control.

As part of the deal, the asset manager will move his headquarters from Monaco to Abu Dhabi, where the city's financial center was blocked with other regional hubs, in a race for the attraction of the world's best financial companies and means of the world.

“Abu Dhabi is a home for ultra -hub and a hub for family offices,” said Jamal in the explanation that did not reveal the financial details of the transaction. “The emergence as a leading financial center offers immense opportunities.”

Lunates move is the latest sign that companies from the Emirate want to expand a global purchase stroll that aims to consolidate Abu Dhabi's status as an important international financial center. The company in the amount of 110 billion US dollars is more than 2pointzero, and the sovereign wealth fund ADQ is an anchorile.

The alternative asset manager has sealed several offers since its foundation in 2023, including an investment in the glittering Dubai Office Tower ICD Brookfield Place. In the past year alone, Lunate made more than 50 fund obligations, co-investments and direct offers.

Azura was founded in 2019 and serves mainly ultra -rich customers such as entrepreneurs and families. It has expanded rapidly in recent years, with employees like Citigroup Inc and UBS Group AG and offices open in large private bank markets such as Geneva, London, New York, Miami, Singapore and Dubai.

The Middle East houses several billionaire families, and financial hubs such as Abu Dhabi and Dubai have increasingly attracted the rich in the world due to its low tax environment. In return, global banks have steadily added employees in the region to serve the growing class of people with high net assets.

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