Shehab Gargash, the chief executive of Daman Investments PSC that channels the investment through its venture capital fund Alf Yad and acts as the fund manager, said the fund is expected to generate an annual growth of 30 per cent. He added that his company is looking for other venture opportunities as well. “We support young companies to be on their own,” he said following Sunday’s launch of a partnership between Alf Yad and Emirates Biodiesel LLC (EmBio), a firm created this year and is poised to supply the Gulf region its first commercial high-grade biodiesel.
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