Investor Relations
Corporate disclosure.
Veraxis Capital Limited is privately held. The disclosures below are provided for shareholders, counterparties and prospective institutional clients.
Corporate
- Legal name
- Veraxis Capital Limited
- Jurisdiction
- Dubai International Financial Centre, UAE
- Legal structure
- Private Company Limited by Shares
- Regulator
- Dubai Financial Services Authority
- Category
- Category 3C — Authorised Firm
- Status
- Incorporated; DFSA authorisation in process
- Authorised capital
- USD 25,000,000
- Paid-up capital
- USD 12,000,000
- Capital policy
- ≥ 175% of the DFSA minimum requirement at all times
- Financial year end
- 31 December
- External auditor
- DFSA-registered firm, appointed by the Board and ratified annually
- Corporate secretary
- DIFC-licensed corporate services provider
Ownership structure
| Shareholder | Class | Holding |
|---|---|---|
| Axys Group Holdings Limited | A | 62.0% |
| Founding Partners vehicle | A | 23.5% |
| Management Incentive Plan | B | 9.5% |
| Strategic institutional investor | A | 5.0% |
Board committees
| Committee | Frequency |
|---|---|
| Audit & Risk — 3 NEDs, independently chaired | Quarterly |
| Investment Committee | Bi-weekly |
| Remuneration & Nomination | Semi-annual |
| Conflicts & Related-Party | Quarterly |
| Client Assets & Valuation | Monthly |
The Board comprises six directors — two executive and four non-executive, of whom three are independent. The roles of Chair and Chief Executive Officer are held by different individuals. Compliance and Risk hold an unrestricted direct reporting line to the Chair of the Audit & Risk Committee.
Regulatory
Permitted financial services.
Veraxis Capital Limited has applied for a Category 3C licence covering the permissions listed. The firm deals only with Professional Clients and Market Counterparties.
- Managing Assets
- Managing a Collective Investment Fund
- Advising on Financial Products
- Arranging Deals in Investments
- Arranging Custody
- Providing Fund Administration