INSEAD Day 4 - 728x90

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Agthia profit, dividend jump

Transformation lifts earnings, cash generation.

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.