"AIM" Global and"LB" The Korean company intends to launch a joint investment project
ABU DHABI, 8th May / WAM / The AIM International Foundation, the international platform that devotes its efforts to empowering the global economy and promoting economic development, signed a memorandum of understanding with the Korean “LB” Investment Company, which manages assets worth one billion US dollars, to launch a joint project, aiming to enhance… Global investment movement and driving economic development, by taking advantage of the main advantages and capabilities of the two established companies in the global market.
This came on the sidelines of the AIM Investment Summit 2024, currently being held in Abu Dhabi.
LB has a long track record of success in the field of asset management, with the value of the assets it manages reaching more than $1 billion in 2023. Its founding dates back to 1996, and it is considered one of the most prominent companies that manage investment funds in Korea.
During the AIM Summit, which continues until tomorrow, Thursday, LB will showcase a variety of emerging and established companies, such as Standard Energy for producing batteries, T’Order for food technology, and Fitbit ( Pet care company Fitpet, artificial intelligence company Lablup, cosmetics company Bluezonwide, artificial intelligence company NotaAI, K-pop music equipment company ABYSS, and LivsMed. ) for medical equipment.
Dawoud Al-Shezawi, Chairman of the International AIM Foundation, said that the close cooperation between the Foundation and the Korean “LB” Investment Company constitutes a very important step in the joint endeavor to enhance strategies for encouraging investment and facilitating opportunities for productivity and expansion.
He added that the agreement highlights the mutual commitment of the two companies to supporting the growth and development of entities that encourage investment in the region, and confirms the compatibility of their goals.
For his part, Kiho Park, President and CEO of the Korean “LB” Investment Company, said that this partnership confirms the company’s keenness to explore new ways to achieve growth and cooperation on a global scale, expressing his hope that this cooperation will achieve fruitful results for both sides.
Under the memorandum of understanding, the two parties pledged to enhance each other’s initiatives using various means, and to employ their networks to participate effectively in joint activities.
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