Press

HDG Mansur expands international network

01 November 2007

HDG Mansur, the international real estate industry leader has today announced (20/11/2007) that it has opened a new office in Dubai to evaluate various opportunities and expand into an industry-based market while serving in the fund management capacity.

The office is located in the Dubai International Financial Centre (DIFC) and Ra'ed Saqfelhait, Managing Director, Fund Administration has been appointed to lead HDG Mansur's operations in the Middle East and neighbouring regions. Mr Saqfelhait previously held management positions at Kingdom Hotel Investments and at the Dubai International Financial Centre.

Harold D. Garrison, CEO HDG Mansur said: "HDG Mansur already has extensive experience in the Middle East with Shariah compliant products, and the DIFC office is a natural progression for us, as we are committed to the Middle East and expansion into surrounding markets, such as the Indian Subcontinent, North Africa and Asia. The opening of the Dubai office will provide a platform for our fund administration and going forward will allow us to be better equipped and more accessible to business opportunities in the Middle East. The Dubai office will also serve as a spring board for our further expansion in the Pacific Rim over the next few years. Ra'ed Saqfelhait's experience in the financial markets and the Middle East makes him the ideal candidate to run the Dubai office and take the company forward in this region."

Ra'ed Saqfelhait, Managing Director, HDG Mansur, Dubai office said: "I am very pleased to be heading up HDG Mansur's office in Dubai. I see this as a great opportunity to use my experience and know how of the region, its businesses and the financial markets to strengthen HDG Mansur's position in the Middle East."

HDG Mansur now has offices in Dubai, London, New York and Indianapolis.


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