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Gulf Capital, one of the largest private equity firms investing from the GCC into South and Southeast Asia, has opened a new global headquarters in Abu Dhabi Global Market (ADGM).
The company has also received approval-in-principle for an asset management license from the ADGM Financial Services Regulatory Authority. The opening of the new office follows the recent opening of offices in Cairo and Singapore and the hiring of a local private equity team, as Gulf Capital positions itself to capture significant growth across the West Asia-East Asia corridor.
Gulf Capital will be able to carry out regulated asset management activities in the Abu Dhabi Global Market when the ADGM Financial Services Regulatory Authority grants a full license.
Khaldoon Al Mubarak, Managing Director and Group CEO of Mubadala, officially inaugurated the new headquarters in the presence of Khalifa Al Kindi, Chairman of the Board of Directors of Gulf Capital, Vice Chairman of Gulf Capital, and members of the Board of Directors.
financial ecosystem
Al Darmaki said: “Abu Dhabi has been the home of Gulf Capital since its inception and we are delighted and proud to be relocating our global headquarters to ADGM, which has rapidly become a world-class financial hub. ADGM offers a complex and deep financial ecosystem and strategically connects the East and West regions. It continues to strengthen its leading position among global financial centers. With this move, we reaffirm Gulf Capital’s commitment to our investors and shareholders to We uphold the highest standards in our asset management business, reflecting international best practice that ADGM embeds in its standards and regulations.”
Dr. Karim El Solh, Co-Founder and CEO of Gulf Capital concluded: “ADGM is a leading international financial center providing a dynamic and sophisticated environment for the investment and financial community. It is the next phase of growth for Gulf Capital Ideal launch platform as we continue to attract international and regional investors to our fund and solidify Gulf Capital’s position as a leading private equity firm investing in the high-growth GCC to South and Southeast Asian regions, where growth in today’s world The fastest investment corridor.”
Gulf Capital has assets under management (AuM) of $2.5 billion and has completed 37 investments to date. The firm focuses on investing in future-resilient, fast-growing industries such as technology, fintech, healthcare, business services, consumer and sustainable development. It recently opened two offices in Cairo and Singapore to capture growing growth along the West Asia-East Asia corridor. — trade arab news agency
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