Gulf Capital Gets ADGM In-Principle Approval for an Asset Management License28. November 2022
Private equity firm Gulf Capital has opened its new global headquarters in the Abu Dhabi Global Market (ADGM) and obtained in-principle approval for an asset management license from the ADGM Financial Services Regulatory Authority (FSRA).
The company is also pursuing a full asset management license from the FSRA, which would allow it to carry out regulated asset management activities in or from the ADGM.
Founded in 2006 in Dubai, Gulf Capital has US$2.5 billion in assets under management and has made 37 investments to date including an investment in Saudi payment solution provider Geidea.
The opening of the new Abu Dhabi headquarters follows the company’s recent office openings in Cairo and Singapore.
“Abu Dhabi has been Gulf Capital’s home base since inception, and we are pleased and proud to relocate our global headquarters to ADGM which has rapidly established itself as a world class finance centre,”
said H.E. Hareb Al Darmaki, Chairman of the Board, Gulf Capital.
“ADGM is the ideal launchpad for Gulf Capital’s next phase of growth as we cement our position as the leading private equity firm investing across the high growth GCC to South and Southeast Asia regions,”
said Dr Karim El Solh, Co-Founder and CEO, Gulf Capital.