Gulf Capital, one of the largest and most active private equity firms investing from the GCC to Southeast Asia, has been awarded a Financial Services Permit (FSP) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).
The newly granted license will enable Gulf Capital to manage assets and funds as well as to perform other regulated asset management activities in or from the ADGM.
Launched in Abu Dhabi in 2006, Gulf Capital has now offices in Abu Dhabi, Dubai, Riyadh, Cairo, and Singapore, with its newly inaugurated global headquarters based in ADGM. The company, which was launched in Abu Dhabi in 2006, has a solid and long track record of investing private capital to build global leaders out of the GCC and is now well positioned to capture the phenomenal growth across the West-East Asia corridor.
Hareb Al Darmaki Chairman – Gulf Capital
“We are committed to expanding our presence in Abu Dhabi and to basing our global headquarters in the prestigious ADGM. Receiving a full asset management license from FSRA will help us meet investors’ increasing demand for more regulated and transparent asset management activities within an established world-class financial center. Gulf Capital remains steadfast about upholding the highest standards in our asset management operations, which are reflected in the international best practices that ADGM has embedded in its standards and regulations.”
ADGM offers a sophisticated and deep financial ecosystem and strategically connects the East and West regions. It continues to bolster its leadership position amongst financial centers globally.
Mr. Ahmed Al Zaabi, Chairman of ADGM, said that “We congratulate Gulf Capital on securing the FSRA asset management license and welcome the team to the ADGM family. Our world-class regulatory framework will help Gulf Capital reinforce its position as a private equity market leader which operates in a trusted and regulated environment.”
Gulf Capital has $2.4 billion in assets under management (AuMs) and has to date closed 38 investments.
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