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The new licence will allow Gulf Capital to enter the asset management and investment banking arenas.
Securing the investment company licence is an important milestone for Gulf Capital as it prepares for the launch of its alternative asset management platform and the marketing of a new regional private equity fund.
Initial approval for the investment company licence was granted by the central bank in July 2006, conditional on the approval of all shareholders which was obtained at the company's last extraordinary general assembly on June 10, 2007.
The licence means that the firm's operations will be supervised by the central bank, ensuring compliance with their rules and regulations.
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