Dubai's Arqaam Capital bulks up with Instrata Capital unit | The National:
"Arqaam Capital said it had bought the infrastructure asset management business of Instrata Capital as it targets emerging markets.
The Dubai-based firm would not disclose the amount it has paid for the business or the value of the assets in it but said the infrastructure portfolio that Bahrain-based Instrata manages includes power generation and water desalination assets across the Arabian Gulf.
“The acquisition takes us another step forward with the implementation of our growth strategy in emerging and frontier markets,” said Riad Meliti, the chief executive of Arqaam Capital. “The development of infrastructure is a fundamental requirement for economic growth in the Middle East, Africa and South East Asia. We see significant potential in this sector for Arqaam and our clients and this acquisition will complement the growth of our asset management division.”"
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