Seviora and FAB link up, another Chinese bank expands to DIFC, and AÏZA raises funds for Saudi expansion. Plus: More warehousing capacity at Kezad

Singapore money eyes Abu Dhabi's wealthy

Temasek’s asset manager wants a spot on FAB’s wealth shelf: Seviora, the main asset management platform of Singapore state investor Temasek, signed an MoU with First Abu Dhabi Bank (FAB) under which the bank will look at distributing Seviora-managed strategies to its wealth clients, the two said in a statement. They’ll also explore co-investing. Seviora manages c. USD 76 bn in assets through affiliates including Fullerton Fund Management and SeaTown, and it opened an Abu Dhabi office only last year. It also inked a partnership agreement in 2024 with Mubadala Capital to boost cooperation and explore new investments.

Another Chinese investment bank to land in DIFC

China Securities sets up shop in DIFC: Beijing-based investment bank China Securities received a license from the Dubai International Financial Center Authority (DIFCA) and authorization from the Dubai Financial Services Authority (DFSA) to open a regional office in DIFC, according to a statement. The office will serve as a base for its work with clients and investors across the Middle East, aiming to connect Chinese, UAE, and international capital markets. It joins DIFC’s cluster of Chinese lenders and brokers, including Bank of China, ICBC, China Construction Bank, and CICC. China’s five largest banks account for more than 30% of total assets in DIFC’s banking and capital markets sector.

Dubai beauty brand AÏZA raises USD 5 mn to expand into Saudi

Amaani raises USD 5 mn to take AÏZA across the GCC: Dubai-based Amaani, the company behind beauty brand AÏZA, raised a USD 5 mn Series A led by Beco Capital, with Homegrown Ventures and Peak XV’s Surge also taking part, according to a statement. The round brings the firm’s total funding to USD 8 mn. The new capital will fund expansion into Saudi Arabia, where it launches at Ulta Beauty stores in Jeddah and Riyadh at the end of September, followed by Kuwait and Qatar in 4Q.

BACKGROUND- AÏZA makes skincare and haircare products using ingredients associated with the region, such as dates, black seed, and frankincense. The company says its net revenue grew more than 9x y-o-y in 1H 2026 as the brand moved from online sales into retail.

More warehousing capacity at Kezad

JD.com is on its third Gulf agreement in about 14 months. Kezad Group signed an agreement with Jingdong Property, JD.com’s infrastructure arm, to develop a 150k sqm logistics facility at Kezad Al Ma’mourah in Abu Dhabi, due for delivery in 2028, state news agency Wam reports. The site will offer warehousing and logistics services to local and international companies.

Kezad joins an airport JV in Abu Dhabi and a delivery business in Saudi. Jingdong Property formed a JV with Abu Dhabi Airports last year to develop more than 70k sqm of bonded and non-bonded warehouses at Abu Dhabi Airports Freezone Logistics Park. JD Logistics also launched its own B2C delivery service in Saudi Arabia — JoyExpress — and plans to build warehouses, transfer and sorting centers, and delivery stations across the Kingdom.