"Arqaam Capital is preparing to start making deals in Africa as it looks to become the first call for emerging and frontier market firms seeking to deal in equities, commodities and derivatives.
The Dubai-based investment bank, which has grown its staff from four to 110 personnel within the past four years, is shifting its focus to the continent as it prepares for up to 15 mergers and acquisitions deals across its growing global business.
"Within the next six to 12 months my expectation is that we'll be announcing deals in sub-Saharan Africa," said Riad Meliti, Arqaam's chief executive. "The firm currently is running 15 mandates in M&A [mergers and acquisitions]," he said. "Normally we lead in with corporate finance and then we follow up with sales, trading and research," he said."
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