Sheikh Ali Rashed Ali Saeed Al Maktoum, a Dubai prince, has postponed the opening of his family office in Hong Kong with a US$500 million investment pledge. The delay comes after the announcement of the office's official opening was delayed, sparking speculation about the reasons behind the decision. The prince, who claims to be a relative of Dubai's ruling family, had initially planned to set up the office but abruptly halted the plans, raising questions about the sudden change in schedule. The family office was expected to launch on Thursday but was postponed late on Wednesday night, leading to uncertainty and curiosity about the circumstances surrounding the delay. Additionally, it has been noted that the UAE prince's family office shares space with a casino-linked firm in Hong Kong, adding another layer of intrigue to the situation. Despite the setback, the Dubai prince has now vowed to launch the family office in Hong Kong by the end of May, indicating a renewed commitment to the project.
Dubai prince vows to launch family office in Hong Kong by end of May
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