Kimmeridge Strengthens Its Presence with New Abu Dhabi Office and Strategic MOU

Kimmeridge Expands Its Global Footprint with Abu Dhabi Office Launch



Kimmeridge, a renowned alternative asset manager in the energy sector, has unveiled its latest strategic move with the opening of a new office in Abu Dhabi. This expansion represents not only Kimmeridge's growth in the Middle East but also its commitment to enhancing global energy investments between the US and the UAE. The office, situated in the Abu Dhabi Global Market (ADGM), signifies Kimmeridge's dedication to fostering ties with regional partners while exploring investment opportunities pivoting on the accelerating energy landscape.

Strategic Collaborations and Future Prospects



Coinciding with the inauguration, a memorandum of understanding (MOU) was signed between Kimmeridge and Mubadala Energy. This framework aims to bolster future collaborations focusing on natural gas and LNG investments. Recently, Mubadala Energy made a significant step by acquiring a minority stake in Kimmeridge's SoTex HoldCo LLC, marking its initial major investment in the US energy sector.

Benjamin Dell, Kimmeridge's Co-Founder and Managing Partner, expressed enthusiasm for this new chapter, stating, "The opening of our UAE office and expanding partnership with Mubadala Energy are natural steps as we build on strong relationships in the region. We see a wealth of exciting opportunities across the energy landscape that can benefit our stakeholders."

Mansoor Mohamed Al Hamed, Mubadala Energy's Managing Director and CEO, echoed these sentiments, emphasizing shared ambitions for accelerated growth within the gas value chain. The partnership between Kimmeridge and Mubadala is expected to pave the way for significant advancements in energy investment strategies.

Leadership and Team Expansion



The newly established office will be managed by Fayçal Benjelloun, who has been appointed as Managing Director and Senior Executive Officer for the Middle East. Bringing a wealth of experience from Mubadala Capital, Benjelloun is poised to lead Kimmeridge’s initiatives across the region and beyond. He noted, "Our ADGM office will serve as a vital hub linking Kimmeridge’s operations in the US and the Middle East, addressing the burgeoning demand for high-performing energy assets."

With Kimmeridge at the forefront of both conventional energy and the sector's ongoing transition, the firm is well-positioned to meet the needs of regional investors and governmental bodies focusing on net-zero targets.

Regulatory Approval and Future Plans



The Abu Dhabi office has received a category 4 license from the Financial Services Regulatory Authority (FSRA) of ADGM, allowing Kimmeridge to advise on transactions and investments in the region. Arvind Ramamurthy, Chief of Market Development at ADGM, noted the significance of Kimmeridge's entry into this vibrant financial hub, emphasizing the supportive regulatory environment that awaits them.

In summary, Kimmeridge's expansion into Abu Dhabi not only strengthens its foothold in the Middle East but also exemplifies its overarching strategy to connect global energy assets and opportunities, all while adhering to regional demands and sustainability goals. As the firm gears up for future developments, it remains committed to its core values of integrity, innovation, and teamwork, aspiring to deliver exceptional performance throughout its evolving journey in the energy sector.

Topics Financial Services & Investing)

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