Kotak Mahindra Unit Wins UAE Licence for Retail Fund Sales
Approval opens access to individual investors in a key Gulf market
A unit of Kotak Mahindra has secured regulatory approval to market and sell investment funds to retail clients in the United Arab Emirates, broadening distribution beyond institutions and high-net-worth investors.
The move positions the firm to tap a growing base of individual savers as Dubai and Abu Dhabi deepen their wealth-management ecosystems.