Dubai’s Arqaam Hires Rothschild to Explore Financing for Growth - Bloomberg Business:
"Arqaam Capital Ltd., the Dubai-based investment bank focused on emerging markets, hired Rothschild to explore financing options as it seeks to expand into Saudi Arabia and Africa.
“Given our aggressive expansion plans, we thought it prudent to hire a firm like Rothschild to carry out a strategic review to assess all possible financing options,” Chief Executive Officer Riad Meliti said in an interview in Dubai. “It could be an IPO, a strategic investor or a bond issue.”
The bank, present in five countries in the Middle East and Africa, has about $150 million in cash and may need extra financing for acquisitions, according to Meliti, who said that Arqaam is pursuing a number of “inorganic opportunities.”"
'via Blog this'
No comments:
Post a Comment