Leon Black Joins Dalio Setting Up Abu Dhabi Family Office Branch

UAE outpost, called Scimitar, is investing with Asad Hussaini
City’s financial free zone is drawing more and more investors

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By Heather Perlberg

September 5, 2024 at 4:46 PM UTC

This article is for subscribers only.

Leon Black, co-founder of Apollo Global Management Inc., has opened a branch of his family office in Abu Dhabi, expanding his global reach.

The billionaire’s Middle East outpost, called Scimitar, is investing with a locally based team led by financier Asad Hussaini, who was previously with a firm focused on real estate opportunities in the Gulf region.