When Dubai International Capital (DIC) launched in 2004, Sameer al-Ansari, its UK-trained head, outlined a strategy to the fund’s owner, Sheikh Mohammed bin Rashid Al Maktoum, Dubai’s ruler.
He said that Asia would account for almost a third of investments made overseas by DIC, which today holds assets of around $12bn across three divisions – private equity, public equity and emerging markets – with plans to double this over the next few years.
