DIC to double assets to $25bn

Dubai International Capital (DIC), a $13 billion investment arm of Dubai Holding, plans to double its assets under management over the next two years to $25 billion.

DIC, a potential buyer of English club Liverpool, made a slew of investments last year including $4 billion by its private equity arm in three European companies.

Its global equities division invested in European aerospace group EADS as well as Sony Corp. The investment agency said in April it was shifting its focus away towards emerging markets, and hoped that they would make up 30 per cent of its investment portfolio.