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Companies had select sellers which hurt smaller players, according to confidential reports seen by Reuters
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AB Capital gets licence to open its office at the DIFC
DUBAI — AB Capital, the newly established investment banking arm of the Arab Bank Group, announced yesterday that it has received a licence from the Dubai Financial Services Authority (DFSA) to operate as an authorised firm in the Dubai International Financial Centre (DIFC).
Through its new regional headquarters at the DIFC, AB Capital will initially offer investment banking and advisory services throughout the Gulf region. The firm, which was established last year, has plans to introduce private equity and asset management services in the near future.
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