Dubai International Capital Asset Management (DICAM) announced on Monday that it had made an important investment in Sony Corporation, one of the largest consumer electronics and entertainment companies in the world.

The investment was made by NewDawn GSE Asset Management Limited, a subsidiary of DICAM and the General Partner for the 2 billion US dollars Global Strategic Equities Fund (GSEF) and it is the third in Global Fortune 500 companies following the recent purchase of substantial stakes in HSBC Holdings plc and EADS N.V.

GSEF is promoted by DIC Asset Management (DICAM), the asset management subsidiary of Dubai International Capital (DIC).

The Executive Chairman and Chief Executive Officer of Dubai International Capital LLC, Sameer Al Ansari, declared: : "Sony provides GSEF with a compelling investment case, consistent with our mandate of supporting premier global companies. Whilst the restructuring process at Sony is well advanced, the recent successful listing of Sony Financial Holdings is evidence of management's ongoing strategy of focusing on capital efficiency and cash generation.“

“The combination of Sony's truly global brand, its leadership in product design and its global footprint will spur the business' medium term growth as it capitalizes on positive underlying trends and emerging technologies."

This the first investment of Dubai International Capital in a Japanese company, while neither the precise amount that was invested was not made public, nor the number of shares it now holds.

The fund is aiming at becoming the biggest shareholder in the companies that are most important and have the most perspectives in the context of globalization.