Arcapita Group Holdings Limited, a global leader in alternative investments, has announced its licence to operate from ADGM and the opening of its new office in Abu Dhabi.
The launch of Arcapita Investment Management Limited is part of Arcapita’s strategic expansion in the region. Stephane Brown, group chief operating officer, has been appointed as senior executive officer. This significant milestone further solidifies Arcapita's commitment to the UAE market and strengthens its position as a key player in the country's private equity and real estate investment landscape.
Arcapita has established a strong track record in the UAE, with more than $1.3 billion in total transaction value across its various investments. The company is one of the largest investors in industrial real estate in the UAE, with approximately $500 million in industrial real estate assets under management, and around $650 million in private equity across various sectors.
This expansion allows Arcapita to be closer to its clients, prospective investors, and business partners, thereby enhancing its ability to deliver on its investment strategies in the UAE.
Arcapita’s long-standing presence in the UAE is underscored by its successful investments across diverse sectors. The recent investment in NEOPAY, a rapidly growing payment solutions provider, follows the acquisition of The DataFlow Group, a leading provider of primary source verification. These investments reflect Arcapita’s focus on the country’s developing fintech sector as well as essential business services, underscoring the company's commitment to a balanced investment strategy within private equity.
The establishment of Arcapita’s Abu Dhabi office comes in response to the UAE’s growing role as a global financial hub and its continued economic diversification under Vision 2031, which focuses on fostering private sector growth, infrastructure development and financial innovation - areas where Arcapita has a proven track record and can bring its expertise to bear.
Hisham Al Raee, chief executive of Arcapita, said opens an office in Abu Dhabi was a pivotal step in the company's journey.
"The UAE is a strategic market with immense potential, and our growing presence here is a testament to our commitment to harnessing the incredible growth opportunities it has to offer," he said. "By establishing a stronger foothold in the region, we’re positioning ourselves to deliver more value to our clients and to tap into a dynamic market that aligns with our vision. The addition of our Abu Dhabi office, alongside our Riyadh office, signifies our dedication to being a proactive and engaged partner in the region.”
Stephane Brown, senior executive officer at Arcapita Investment Management Limited and chief operating officer at Arcapita, added: “The UAE continues to evolve as a global economic leader, and establishing a regulated presence in Abu Dhabi enhances our ability to further strengthen relationships with investors and partners across the region.
"We are excited to be able to contribute to the UAE’s vision of economic diversification and are confident that our Abu Dhabi presence will play a critical role in identifying and executing strategic transactions in one of the most dynamic economies in the world.”
Arvind Ramamurthy, chief market development officer at ADGM, said: “We are delighted to welcome Arcapita to ADGM’s thriving community. Their presence underscores ADGM’s role as a preferred destination for leading global investment firms looking to expand in the region.
"Arcapita’s expertise in private equity and real estate investments complements ADGM’s commitment to fostering a dynamic, innovative, and collaborative ecosystem. We look forward to supporting their growth and contributions to the UAE’s financial and economic landscape."
With its proven history of successful investments and deep-rooted involvement in the UAE, Arcapita is well-positioned to contribute to the country’s continued growth and development. The new ADGM licenced activity serves as a testament to the firm’s commitment to playing an active role in the region's economic future.
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Reputation
Taylor Swift
(Big Machine Records)
The biog
From: Ras Al Khaimah
Age: 50
Profession: Electronic engineer, worked with Etisalat for the past 20 years
Hobbies: 'Anything that involves exploration, hunting, fishing, mountaineering, the sea, hiking, scuba diving, and adventure sports'
Favourite quote: 'Life is so simple, enjoy it'
Results
2pm: Maiden (PA) Dh 40,000 (Dirt) 1,200m, Winner: AF Thayer, Tadhg O’Shea (jockey), Ernst Oertel (trainer).
2.30pm: Maiden (PA) Dh 40,000 (D) 1,200m, Winner: AF Sahwa, Nathan Crosse, Mohamed Ramadan.
3pm: Handicap (PA) Dh 40,000 (D) 1,000m, Winner: AF Thobor, Szczepan Mazur, Ernst Oertel.
3.30pm: Handicap (PA) Dh 40,000 (D) 2,000m, Winner: AF Mezmar, Szczepan Mazur, Ernst Oertel.
4pm: Sheikh Hamdan bin Rashid Al Maktoum Cup presented by Longines (TB) Dh 200,000 (D) 1,700m, Winner: Galvanize, Nathan Cross, Doug Watson.
4.30pm: Handicap (PA) Dh 40,000 (D) 1,700m, Winner: Ajaj, Bernardo Pinheiro, Mohamed Daggash.
THE BIO
Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13
Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier
Favourite place to travel to: Any walkable city. I also love nature and wildlife
What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents.
Favorite place to go in the UAE: A quiet beach.
FA Cup quarter-final draw
The matches will be played across the weekend of 21 and 22 March
Sheffield United v Arsenal
Newcastle v Manchester City
Norwich v Derby/Manchester United
Leicester City v Chelsea
A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
Favourite things
Luxury: Enjoys window shopping for high-end bags and jewellery
Discount: She works in luxury retail, but is careful about spending, waits for sales, festivals and only buys on discount
University: The only person in her family to go to college, Jiang secured a bachelor’s degree in business management in China
Masters: Studying part-time for a master’s degree in international business marketing in Dubai
Vacation: Heads back home to see family in China
Community work: Member of the Chinese Business Women’s Association of the UAE to encourage other women entrepreneurs
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Brief scores:
QPR 0
Watford 1
Capoue 45' 1
MATCH INFO
World Cup 2022 qualifier
UAE v Indonesia, Thursday, 8pm
Venue: Al Maktoum Stadium, Dubai