Private equity firm Gulf Capital has secured a financial services permit (FSP) from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi, United Arab Emirates (UAE).

The FSP allows Gulf Capital to oversee assets and funds in addition to undertaking other regulated asset management endeavours in or from the Abu Dhabi Global Market (ADGM).  

ADGM is a financial hub that facilitates a financial ecosystem as well as act as a link between the East and West.

Gulf Capital board chairman Hareb Al Darmaki said: “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 licence from FSRA will help us meet investors’ increasing demand for more regulated and transparent asset management activities within an established world-class financial centre.

“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.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Founded in Abu Dhabi in 2006, Gulf Capital currently has branches in Abu Dhabi, Dubai, Riyadh, Cairo, and Singapore.

The firm, which opened its global headquarters in ADGM in November last year, is said to have $2.4bn in assets under management (AuMs).

Gulf Capital co-founder and CEO Dr Karim El Solh said: “Our new asset management licence from FSRA is the next step in building our franchise.

“It offers Gulf Capital the flexibility to domicile and administer its upcoming funds from ADGM, a leading international financial centre that offers a large catchment area between West and East Asia.”