Blackstone stock: Dubai office broadens private wealth push
Published on 11/12/2026 at 16:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBlackstone expands its Gulf wealth platform
- Blackstone opened a Dubai International Financial Centre office serving its Private Wealth business across the Gulf Cooperation Council.
- The firm has more than 40 distributor relationships in the region and upgraded its Abu Dhabi office licence for deal origination.
- The expansion adds to Blackstone's nearly 1.4 trillion US dollars in assets under management and planned Kuwait presence.
Blackstone opened an office in Dubai's International Financial Centre on Thursday, November 12, 2026, expanding its regional platform for private-wealth investors. The company announced the move in a Blackstone press release.
Dubai becomes regional wealth hub
The Dubai office will serve as a hub for Blackstone's Private Wealth business across the Gulf Cooperation Council. It is the firm's second UAE location alongside its established Abu Dhabi base, and is intended to deepen partnerships with regional banks and broaden access to alternative investments.
Blackstone said its Private Wealth business has established more than 40 distributor relationships across the region. President and Chief Operating Officer Jon Gray said the office builds on the company's presence in the UAE, which began in 2010, and supports broader investor access.
Gulf infrastructure continues to grow
Blackstone also said it had upgraded its Abu Dhabi office licence to support deal origination. The firm announced plans earlier in 2026 to open an office in Kuwait and expects to expand its presence across the Gulf during the coming year.
Blackstone describes itself as the world's largest alternative asset manager, with nearly 1.4 trillion US dollars in assets under management across real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. The Dubai announcement did not include a financial forecast or transaction value, leaving its direct earnings effect unspecified.
What changed for the stock
Blackstone stock traded at 109.20 euros on Lang & Schwarz at 4:11:17 p.m. CET on Thursday, November 12, 2026. That was 1.29 percent below the 110.63 euros recorded in the previous report at 1:02:11 p.m. CET on the same day, a separate comparison from the daily exchange closing-price measure.
Blackstone Inc. at a glance
- Company: Blackstone Inc.
- ISIN: US09260D1072
- Ticker: BX
- Home exchange: New York Stock Exchange
- Latest quote: 109.20 euros on Lang & Schwarz, Thursday, November 12, 2026, at 4:11:17 p.m. CET
- Assets under management: Nearly 1.4 trillion US dollars
- Business: Alternative asset management
The broader US market context is available in the S&P 500 market reports.
For further company-specific coverage, see More news and analyses on Blackstone stock.
