Arqaam Capital (“Arqaam”), the specialist emerging markets investment bank, announced that it has relocated its operating hub in Dubai to a new and more spacious office in Index Tower, the 80-storey mixed-use property in Dubai International Financial Centre (DIFC) to accommodate its growing teams and businesses.
His Excellency Essa Kazim, Governor, Dubai International Financial Centre, said, “It is gratifying to see Arqaam Capital, one of our established clients, continue to strengthen its presence at Dubai International Financial Centre. The growth of our long-standing clients reflects our status as a gateway for firms seeking to access business opportunities in the emerging markets of the Middle East, Africa and South Asia.”
“As part of our recently announced 2024 growth strategy, DIFC is committed to enhancing connectivity with the MEASA region further, and stimulating trade and investment along the South-South economic corridor. We are confident our clients will take advantage of this platform to also expand their operations.”
Commenting on the expansion, Sami Sindi, Group Chairman, Arqaam Capital, said, “The dynamics of our business have made DIFC the right choice for us. The central location of the area along with the vibrant business environment it hosts makes it a natural home for our growing team and business.”
“Since its inception in 2007, Arqaam has rapidly grown to become a full-fledged emerging markets investment bank with a core business proposition to act as an efficient intermediary between capital and investment opportunities. Arqaam has invested heavily in technology and human capital and pioneered product innovation in the MENA region. Our asset management business has consistently grown registering strong performance and we continue to build our infrastructure, real estate and private equity business. Our sales and trading values have increased significantly cementing our market position. We continue to be rated as one of the top research houses in the region covering over 260 MENA and sub-Saharan companies. Having built a leading position in its existing markets in the GCC, Arqaam has now embarked on an expansion of its business in selective key markets in the MENA and Sub-Saharan Africa regions demonstrating its commitment to invest in emerging and frontier markets. We are excited about the next stage of growth as we move forward with the execution of our strategy,” Mr. Sami Sindi concluded.