Gulf Capital considers IPO after raising Dh850 million in debt to fuel growth | The National

Gulf Capital considers IPO after raising Dh850 million in debt to fuel growth | The National:



"Gulf Capital, the Abu Dhabi-based alternative asset management firm, has raised Dh850 million of debt to help fund growth, but is still considering an initial public offering when market conditions allow.



The firm announced the syndicated revolving facility arranged by two local banks, Abu Dhabi Commercial Bank and FGB, which leaves it “extremely well funded”, according to the chief executive Karim El Solh.



But he said: “An IPO is still something we are considering for the future. When markets come back, we’re still interested in doing an equity capital markets deal.”"



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