FIM Partners, asset manager in emerging and frontier markets, has unveiled the next phase of its expansion in Saudi Arabia.
Founded in 2008, FIM Partners has firmly rooted itself as a specialist in emerging markets, managing $3.4bn in assets on behalf of institutional clients from North America, Europe, the Middle East, and Asia, with a team of over 45 professionals based in London, Dubai, Riyadh, and Muscat.
As part of the next phase of its growth plans, FIM Partners’ Saudi-based arm, FIM Partners KSA has received approval from the Capital Markets Authority to upgrade its license to add operating funds to its business activities, enabling the firm to offer a broader range of investment management services.
The move will bring about the hiring of new talent with expertise in both public and private market strategies such as equities, fixed income, private equity and real estate. To accommodate this growth, FIM Partners KSA will take up new offices in the prestigious King Abdullah Financial District (KAFD).
Mr. Hedi Ben Mlouka, founder and CEO of FIM Partners, said: “We are eager to strengthen our presence in Saudi Arabia, a market with immense potential and opportunity. What we are witnessing in Saudi is without a doubt the most powerful and credible economic transformation in Emerging Markets.
“We are committed to making Saudi central to our regional operations, delivering high calibre services to our clients and supporting the development of a vibrant financial sector, contributing to the Kingdom’s vision for economic diversification and growth. ”
