Arab News | 09/01/2009
(MENAFN - Arab News) -- Vision 3, an alliance formed by Gulf Finance House, Ithmaar Bank and Abu Dhabi Investment House, announced the make up of its board at its inaugural meeting yesterday. Its board members include Esam Janahi, Imad Nesnas, Rashad Janahi and Mohamed KhalilAl-Sayed.
The Vision 3 board brings together a wealth of experience and intellectual property, contributing further to the tremendous momentum already achieved by the alliance since its inception in August of 2008.
The primary goal of Vision 3 is to create value through the creation of tailored Islamic financial institutions that inspire innovation and foster visionary solutions to the long-term challenges faced by a variety of sectors. To this end, Vision 3 has already announced the creation of InfraCapital, the GCC's first investment bank specializing in the provision of tailored infrastructure development and finance; AgriCap, a new investment vehicle focused entirely on serving agricultural ventures; and Communities and Hospitality Development Fund (HDF), established to nurture and support opportunities across the global hospitality sector.
As chairman of Vision 3, Esam Janahi will play a leading role in the establishment of a strong team of managers and consultants with a range of specialist credentials. With new products due to be announced in 2009, he will lead moves to identify unique investment opportunities throughout the MENASA region and beyond.
"Vision 3 alliance members have spent a lifetime in the successful identification of lucrative investment opportunities others have often failed to fully appreciate," Janahi said.
In October 2008, Vision 3 signed a Memorandum of Understanding with Turkey that will see the Investment Development Authority of Turkey work alongside AgriCap in the identification of innovative agricultural investment opportunities across the country.