Injaz Mena reports Dh7.1m profit

Dubai: Injaz Mena, an investment company regulated by the Central Bank of the UAE on Wednesday reported net profit of Dh7.1 million for the year ending March 2014. The latest results mark the company’s return to profit since 2008.

Established in 2005, Injaz Mena’s rapid growth was curtailed with the onset of the financial crisis in early 2009. A new board of directors was put in place in July 2013, chaired by Jasem Al Seddiqi, Chief Executive Officer of Abu Dhabi Capital Management, to guide the company through a period of restructuring and to extract the maximum value from its legacy portfolio.

“Injaz Mena faced strong headwinds with the onset of the financial crisis in early 2009, but these issues are now firmly in the past. On behalf of the board, I thank our shareholders and partners for their support over recent years, and we look forward to working successfully together in the future,” said Al Seddiqi

With its recovery complete and a newly hired team of investment professionals in place, Injaz Mena has be rebranded as Integrated Capita. The operational focus of the company will also shift from investing to providing asset management, advisory and research services to high-net-worth and institutional clients in the UAE.