In March 2008, Dubai International Capital Emerging Markets acquired a significant stake in the True Group (‘True Group’), a leading provider of wellness services in Asia. The True Group was first established in 2004 as Singapore’s largest yoga centre.
Following the True Group’s early success in Singapore, the group has expanded steadily across Asia to become one of the largest fitness, yoga and wellness groups in the region. Its network of 17 centres in Singapore in addition to Malaysia, Thailand and Taiwan serve more than 70,000 members. Through a range of concepts within the True Group umbrella, a host of wellness needs are met including fitness, yoga, spa, and aesthetics. DIC’s investment in the True Group will enable further growth of the group’s operations throughout Asia, the Indian subcontinent and the Middle East.
