Arqaam Capital targeting AUMs up to $3 bln in two years

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Dubai-based financial services firm Arqaam Capital is planning to increase its total assets under management to $3 billion in the coming two years, its executive director Sherif El Helw said Wednesday.

El Helw further told Amwal Al Ghad that Arqaam’s total AUMs are currently worth around US$1.1 billion, involving three mutual funds and some financial portfolios.

Arqaam intends to boost its AUMs by running more equity funds in the coming period, he added.

The specialist emerging markets investment bank is running financial consulting as well as mergers and acquisitions, reaching 15 transactions at value of $1 billion in Egypt alongside some Gulf markets, its executive director said in earlier statement to Amwal Al Ghad.