Daman Investments

Founding managing director Shehab Gargash leads the firm. Day-to-day portfolio management for regulated funds sits with an in-house investment team supervised by Gargash and senior staff. For distributed third-party funds, investment selection is handled by the respective global managers, while Daman runs due diligence and platform vetting.

Daman operates as a regulated commercial asset manager and fund distributor, not a single-family office. While Shehab Gargash and other founding families hold equity stakes, the firm accepts external clients and markets its products to retail and institutional investors across the GCC.

Daman sources regional public-equity investments through its brokerage and research infrastructure on UAE exchanges. Real estate exposure is sourced through developer relationships and structured financing deals. Third-party fund offerings are sourced through established distribution agreements with global managers such as Franklin Templeton and Schroders.

In public equities, Daman targets liquid large- and mid-cap stocks listed on UAE exchanges. In real estate, the firm participates in development and pre-development financing, typically for residential and mixed-use projects. It does not operate a venture or private equity platform.

Daman has historically used separate-account and seeding arrangements to back global managers entering the GCC market. These are structured on a bilateral basis rather than through a formal co-investment program. Details of individual arrangements are not publicly disclosed.