Today's Edition
ABU DHABI (ALETIHAD)
ADIB Capital Limited has launched the ADIB Digital Infrastructure Fund, a Sharia-compliant public fund aimed at providing investors with targeted exposure to listed equities in companies operating in data storage, data transmission and related services.
The fund is incorporated in the Dubai International Financial Centre (DIFC) and focuses primarily on companies in North America and Europe that are positioned to benefit from supply-demand dynamics in digital infrastructure. ADIB Capital is a wholly owned subsidiary of Abu Dhabi Islamic Bank and is regulated by the Dubai Financial Services Authority.
According to a press release, the fund is designed to offer Shari’a-compliant investment solutions linked to global digital transformation trends, allowing portfolio diversification through exposure to digital infrastructure assets.
It follows a bottom-up investment approach, analysing individual companies and broader economic trends, and invests opportunistically in a concentrated portfolio of 20 to 25 securities that are priced at discounts to their intrinsic value, with the objective of achieving competitive risk-adjusted returns.
The fund targets long-term growth opportunities driven by macro trends in artificial intelligence, cloud computing, e-commerce and mobile connectivity. It seeks to capitalise on sustained demand for connectivity and the supply constraints in data storage and related assets by investing in data centres, cell towers, fibre networks and other core digital infrastructure assets.
ADIB Capital will manage the fund in collaboration with DigitalBrid, Liquid Accounts Adviser, an affiliate of DigitalBridge Group, which owns, operates and invests across a broad range of digital infrastructure assets globally.
The structure, investments and documentation of the fund have been approved by the fund’s Shari’a Supervisory Board. The release said this provides investors with assurance of a robust Shari’a-compliant framework supported by ADIB Group’s governance and institutional infrastructure.
