Search Site

Trends banner

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Dubai and Abu Dhabi to vie for Gulf Capital’s offering

A file picture of Gulf Capital CEO Karim El-Solh.
  • Gulf Capital bets on growth in Asia to outperform US and European markets
  • The UAE-based institution manages more than $2.5 billion worth of assets

Gulf Capital, a UAE-based financial institution, has added Abu Dhabi and Dubai to the list of potential markets for the initial public offerings for one of its assets in 2022.

According to its CEO Karim El-Solh, the return of IPOs in Dubai and Abu Dhabi financial markets has encouraged the company to consider this step, meaning they are in contention with Saudi Arabia and Egypt.

Gulf Capital bets on growth in Asia to outperform US and European markets, El Solh said, as reported by the local media.

El Solh told reporters that Gulf Capital, which manages more than $2.5 billion in assets, has been expanding its companies’ exposure to Asia through organic growth, joint ventures and new market entries.