The new ADGM licensed activity serves as a testament to the firm’s commitment to playing an active role in the region's economic future. Photo: Arcapita
The new ADGM licensed activity serves as a testament to the firm’s commitment to playing an active role in the region's economic future. Photo: Arcapita

Arcapita expands regional footprint with ADGM licence and Abu Dhabi office



Arcapita Group Holdings Limited, a global leader in alternative investments, has announced its licence to operate from ADGM and the opening of its new office in Abu Dhabi.

The launch of Arcapita Investment Management Limited is part of Arcapita’s strategic expansion in the region. Stephane Brown, group chief operating officer, has been appointed as senior executive officer. This significant milestone further solidifies Arcapita's commitment to the UAE market and strengthens its position as a key player in the country's private equity and real estate investment landscape.

Arcapita has established a strong track record in the UAE, with more than $1.3 billion in total transaction value across its various investments. The company is one of the largest investors in industrial real estate in the UAE, with approximately $500 million in industrial real estate assets under management, and around $650 million in private equity across various sectors.

This expansion allows Arcapita to be closer to its clients, prospective investors, and business partners, thereby enhancing its ability to deliver on its investment strategies in the UAE.

Arcapita’s long-standing presence in the UAE is underscored by its successful investments across diverse sectors. The recent investment in NEOPAY, a rapidly growing payment solutions provider, follows the acquisition of The DataFlow Group, a leading provider of primary source verification. These investments reflect Arcapita’s focus on the country’s developing fintech sector as well as essential business services, underscoring the company's commitment to a balanced investment strategy within private equity.

The establishment of Arcapita’s Abu Dhabi office comes in response to the UAE’s growing role as a global financial hub and its continued economic diversification under Vision 2031, which focuses on fostering private sector growth, infrastructure development and financial innovation - areas where Arcapita has a proven track record and can bring its expertise to bear.

Hisham Al Raee, chief executive of Arcapita, said opens an office in Abu Dhabi was a pivotal step in the company's journey.

"The UAE is a strategic market with immense potential, and our growing presence here is a testament to our commitment to harnessing the incredible growth opportunities it has to offer," he said. "By establishing a stronger foothold in the region, we’re positioning ourselves to deliver more value to our clients and to tap into a dynamic market that aligns with our vision. The addition of our Abu Dhabi office, alongside our Riyadh office, signifies our dedication to being a proactive and engaged partner in the region.”

Stephane Brown, senior executive officer at Arcapita Investment Management Limited and chief operating officer at Arcapita, added: “The UAE continues to evolve as a global economic leader, and establishing a regulated presence in Abu Dhabi enhances our ability to further strengthen relationships with investors and partners across the region.

"We are excited to be able to contribute to the UAE’s vision of economic diversification and are confident that our Abu Dhabi presence will play a critical role in identifying and executing strategic transactions in one of the most dynamic economies in the world.”

Arvind Ramamurthy, chief market development officer at ADGM, said: “We are delighted to welcome Arcapita to ADGM’s thriving community. Their presence underscores ADGM’s role as a preferred destination for leading global investment firms looking to expand in the region.

"Arcapita’s expertise in private equity and real estate investments complements ADGM’s commitment to fostering a dynamic, innovative, and collaborative ecosystem. We look forward to supporting their growth and contributions to the UAE’s financial and economic landscape."

With its proven history of successful investments and deep-rooted involvement in the UAE, Arcapita is well-positioned to contribute to the country’s continued growth and development. The new ADGM licenced activity serves as a testament to the firm’s commitment to playing an active role in the region's economic future.

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

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The specs

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THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

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The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

The specs: 2019 Audi A8

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Engine 3.0L V6 turbo

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Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
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The Bio

Favourite place in UAE: Al Rams pearling village

What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft

Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans

Best time to swim in the sea: When there is enough light to see beneath the surface

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

The stats: 2017 Jaguar XJ

Price, base / as tested Dh326,700 / Dh342,700

Engine 3.0L V6

Transmission Eight-speed automatic

Power 340hp @ 6,000pm

Torque 450Nm @ 3,500rpm

Fuel economy, combined 9.1L / 100km

Updated: February 05, 2025, 8:35 AM