Investment Firm
Istithmar World, an investment firm based in Dubai, United Arab Emirates (UAE), operates under the ownership of Dubai World, a government-owned entity. Established in 2003, initially known as "Istithmar," it underwent a name change to "Istithmar World" in 2008. Specializing in private equity and alternative investment opportunities globally, Istithmar World was created as the investment arm of Dubai World. Over its five-year journey since inception, the firm has curated a diverse portfolio of investments spanning North America, Europe, Asia, and the Middle East. These investments encompass various sectors, including consumer, industrial, financial services, and real estate. However, an assessment of Istithmar's investment portfolio reveals mixed results, with a significant investment of $3.8 billion accompanied by a staggering $14 billion in debt. In several instances, Istithmar has faced challenges, relinquishing control of assets or selling them at a loss. As a subsidiary of Dubai World, the company has been scrutinized in media reports, particularly regarding the substantial debt levels of its parent entity. Since late 2009, Istithmar World has experienced a series of high-profile executive departures, further contributing to the scrutiny surrounding its operations and financial performance.
© 2024 InfoMap.travel. All Rights Reserved.