Arqaam eyeing Asian, African expansion opportunities

Dubai-based investment bank Arqaam Capital, which acquired financial companies in Libya and Egypt in 2012, has said it may expand in South East Asia and Africa in the coming year, as demand for emerging-market assets spurs revenue, Bloomberg has reported. "We're currently looking at other markets, and opportunistically we're looking at the frontier and emerging market space from Africa to South East Asia," said Arqaam's CEO, Riad Meliti. "We're hoping that's something that will happen in the not too distant future," Meliti said. "There's a lot of investor appetite."

More