Gulf Capital considering SPAC with Abu Dhabi listing -sources | Reuters
Abu Dhabi asset manager Gulf Capital is considering setting up a special purpose acquisition company (SPAC) that will list on the Abu Dhabi Securities Exchange, two sources told Reuters.
Gulf Capital, which manages about $2.5 billion in assets, is working with boutique advisory Moelis & Co (MC.N) on the potential transaction, said the sources, who declined to be named because the matter is not public.
Gulf Capital declined to comment. Moelis did not immediately respond to a request for comment.
Investor interest in SPACs, or blank-check companies, is rising in the Middle East as deals have started to face greater scrutiny in the United States.
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