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Wealth firm for female clients opens offices in Abu Dhabi

International Adviser
By International Adviser  26-Jul-2010

A new wealth management company run mostly by women, which seeks to accommodate the special needs of female clients, has been launched in Abu Dhabi.

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Al Bashayer Investment Company has an investment banking licence from the UAE central bank and is owned by “a group of prominent institutions and individual businessmen and women from the UAE and GCC countries”, according to the company.

Among the reasons women in the Gulf may be thought to have special financial needs is because under Shariah law, they typically inherit less than male family members.

In addition to providing wealth management services, corporate advisory services, investment banking and brokerage services to women, Al Bashayer said it is also hoping to cater for high net worth individuals of both sexes as well as families in the UAE and wider gulf region.

“Women investors have [a] different risk appetite [than men] and their objective and return on investment expectation is also different,” Al Bashayer chief executive Fatima Al Jaber said.

Many women investors do not get access to investment solutions that meet their requirement. At Al Bashayer Investment Company, we are gearing up to serve this untapped segment.”

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