Arqaam Capital announces Closing of the Investment advised by NBK Capital Partners in Falcon Group, the owner of 4Sale, the leading online classifieds business in Kuwait

Wednesday, December 19, 2018

Arqaam Capital acted as the Exclusive Sell-Side Adviser to the Shareholders

Arqaam Capital, the specialist emerging and frontier investment bank, announced today that it has acted as the exclusive sell-side advisor to the shareholders of Falcon Group (the “Group”), with respect to the Raptor Equity Ventures Limited investment in the Group as advised by NBK Capital Partners. Falcon Group has various interests in tech ventures in the region the biggest of which is in Kuwait where it owns the 4Sale and Q8Car online and app based classifieds businesses.

Omar Reda, Executive Director at Arqaam Capital commented: “We are delighted to have worked alongside the shareholders of Falcon Group in closing this transaction and to have helped them in this transaction while also finding the right partner through NBK Capital Partners. The investment by Raptor Equity Ventures Limited and the ensuing partnership will enable the Group to further expand the business. This transaction marks yet another milestone in solidifying Arqaam Capital’s presence in the region and further demonstrates the firm’s M&A capabilities, especially in the regional technology space.”

Mr. Tarek Sakr, CEO and Founder commented: “I am very happy with the outcome and would like to thank the Arqaam Team for their dedication and professional work.  This transaction marks an important milestone in the Group’s history, which was achieved by hard work and consistently delivering quality solutions to our customers. Through NBK Capital Partners we have found a like-minded partner who shares our values of innovation and hard work, as well as the commitment to take the company to its next level of growth both locally and regionally.”

Yaser Moustafa, Senior Managing Director at NBK Capital Partners, said: “We were attracted by the opportunity because of its strong market position and the significant potential for growth that the market offers. We also are excited to partner with a very strong management team which has deep market knowledge, sound operating skills and the technical expertise to capitalize on this sector’s strong fundamentals.

Arqaam Capital and Meysan Partners acted as the financial advisor and legal advisor, respectively, for Falcon Group. King and Spalding, International Counsel Bureau and Matouk Bassiouny acted as the legal advisors for NBK Capital Partners, while PWC and European Internet Ventures acted as financial and commercial advisors, respectively.

Latest News

REFUND OF CLIENT CASH AND ASSETS STILL HELD IN DORMANT ACCOUNTS WITH ARQAAM SECURITIES LLC

The Securities and Commodities Authority (SCA) has launched a new initiative to refund cash held in dormant accounts with brokerage firms, including those held with Arqaam Securities LLC. Investors who seek to reclaim their unclaimed funds must do so by submitting a ‘pay-back’ request to Arqaam Securities LLC, accompanied by necessary documents (such as ID or passport, bank details, account statements, and, if applicable, legal entity documentation or a power of attorney) as specified in the below announcement. Arqaam Securities LLC will then verify the claim and forward it to the Securities and Commodities Authority, which aims to process and transfer the funds within 5 business days, provided all required information is submitted.

إعادة أموال العملاء والأصول المحتفظ بها في الحسابات الخاملة مع شركة أرقام للأوراق المالية ذ.م.م

أطلقت هيئة الأوراق المالية والسلع مبادرة جديدة لإعادة الأموال المحتفظ بها في الحسابات الخاملة مع شركات الوساطة، بما في ذلك الحسابات المحتفظ بها مع شركة أرقام للأوراق المالية ذ.م.م. يجب على المستثمرين الذين يسعون لاسترداد أموالهم غير المدعومة أن يقوموا بذلك من خلال تقديم طلب “استرجاع الأموال” إلى شركة أرقام للأوراق المالية ذ.م.م، مصحوبًا بالوثائق اللازمة (مثل الهوية أو جواز السفر، تفاصيل البنك، كشوف الحساب، وإذا لزم الأمر، وثائق الكيان القانوني أو وكالة) كما هو محدد في الإعلان أدناه. ثم ستقوم شركة أرقام للأوراق المالية ذ.م.م بالتحقق من الادعاء وتحويله إلى هيئة الأوراق المالية والسلع، التي تهدف إلى معالجة وتحويل الأموال خلال 5 أيام عمل، شريطة تقديم جميع المعلومات المطلوبة.

Arqaam managed fund sells its stake in Al Dur Power to Kyushu, Japan

A consortium of GCC financial institutions which includes First Energy Bank, Ibdar Capital, Bahrain Islamic Bank, and Bunyah GCC Infrastructure Fund (managed by Arqaam Capital) have successfully divested their approx. 20% shareholding in Al Dur Power and Water Company (ADPWC) to Kyuden International Corporation (KIC), which is the international business arm of Kyushu Electric Power Company (Kyushu Electric),

Contacts

Arqaam Capital Limited
Level 27, Index Tower
Dubai International Financial Centre
PO Box 506687 Dubai
United Arab Emirates
Tel: +971 (0)4 507 1700