Arqaam Capital
Arqaam Capital is a Dubai-based, full-service investment bank specializing in emerging and frontier markets across MENA, serving institutional investors, sovereign entities, and corporate issuers with sales & trading, investment banking, asset management, research, and brokerage services across 5 offices.
- Company typePrivate
- Founded2009
- HeadquartersDubai, United Arab Emirates
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Arqaam Capital does
Arqaam Capital is a Dubai-headquartered, full-service investment bank specializing in emerging and frontier markets, particularly the MENA region. Founded in 2009, the firm operates through multiple regulated entities across the UAE (DFSA), Saudi Arabia (CMA), Egypt (EFRA), Cayman Islands (CIMA), and Lebanon, with a workforce of approximately 170 individuals spread across 5 offices representing 25+ nationalities. The firm serves institutional investors, sovereign wealth funds, governments, and corporate issuers, offering a complete platform of services: Sales & Trading (equity, credit, derivatives), Investment Banking (corporate finance, capital markets advisory), Asset Management (Fixed Income Asset Management/FIAM and Equities Asset Management/EQAM), Research, Principal Investments, Wealth Management, and Digital Offerings. The Arqaam Islamic Income Fund is a flagship Shariah-compliant product that has won multiple Lipper Fund Awards.
The firm generates revenue through four primary streams: investment banking fees (advisory, arrangement, underwriting commissions on IPOs, debt issuances, and M&A), asset management fees (management and performance fees on fixed income and equity products), brokerage commissions (equity and credit trading, market making on regional exchanges including Tadawul, DFM, ADX, and Egyptian exchanges), and research subscriptions. Arqaam Securities Brokerage Egypt ranks as the second-largest institutional broker in Egypt with 15% market share, trading 50 billion EGP in January-May 2024 alone. The firm has acted as joint bookrunner on multiple notable IPOs including Dubai Residential REIT (AED 2.15 billion, 26x oversubscribed), Consolidated Grunenfelder Saady Holding (SAR 300 million), and Action Energy Company on Boursa Kuwait.
Arqaam distributes its services through direct institutional sales teams across regional offices, complemented by its annual MENA Investor Conference which serves as a flagship platform connecting 90+ corporate issuers (representing USD 1 trillion+ market cap) with 222 investors from 110 buy-side firms and generating 600+ investor interactions. The firm is privately held with strategic institutional shareholders including Emirates NBD PJSC (8.32%) and Commercial Bank International PJSC (6.35%), and has received two recent strategic investments from Ethmar International Holding PJSC (May 2025) and Bader Nasser Al-Kharafi's BNK Group (July 2026) to fund MENA-wide expansion. Leadership includes CEO Riad Meliti, Chairman Sami Sindi, and UAE Country Head Hazem Abdel-Mohsen, with demonstrated relationships to global institutions including BlackRock Investment Institute and co-mandates with Citigroup, JPMorgan, and HSBC on sovereign debt transactions.
Arqaam Capital firmographics
Firmographics- Name
- Arqaam Capital
- Legal name
- Arqaam Capital Limited
- Website
- https://arqaamcapital.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Arqaam Capital is a Dubai-based, full-service investment bank specializing in emerging and frontier markets across MENA, serving institutional investors, sovereign entities, and corporate issuers with sales & trading, investment banking, asset management, research, and brokerage services across 5 offices.
- Ownership category
- akta.pro rank
Arqaam Capital industry classification
Industry- Product category
- Investment Banking
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
- akta.pro secondary industries
- Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Corporate Finance & Capital Advisory (BPAHADAB), Investment-Grade Corporate Credit (FSAAAHAB)
Keywords
Where Arqaam Capital is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices5 records
Markets served
Arqaam Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Investment Banking Fees: Advisory fees, arrangement fees, and underwriting commissions from capital markets transactions including IPOs, debt issuances, and M&A advisory.
- Asset Management Fees: Management fees and performance fees from fixed income and equity asset management products including the Arqaam Islamic Income Fund.
- Brokerage Commissions: Commissions from equity and credit trading, market making, and liquidity provision services on regional exchanges.
- Research Subscriptions: Research reports and market intelligence distributed to institutional clients.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Arqaam Capital product offering
Product offeringCore offering
Arqaam Capital is a Dubai-based private investment bank operating across MENA and global emerging markets, providing integrated financial services including investment banking advisory, asset management, sales and trading (equities, credit, derivatives), institutional research, principal investments, and wealth management solutions for institutional, corporate, government, and high-net-worth clients.
Product overview
Arqaam Capital is a financial services firm operating across emerging and frontier markets, organized as a platform-plus-modules architecture. The core offerings span Sales & Trading (Equity Trading, Credit Trading, Derivatives), Investment Banking (Corporate Finance, Capital Markets Advisory), Asset Management (Fixed Income Asset Management/FIAM, Equities Asset Management/EQAM), Research, Principal Investments, Wealth Management, and Digital Offerings. Dedicated products include the Corporate Brokerage Solution and Shariah Compliant Derivatives. The firm operates through multiple regulated entities including Arqaam Capital Limited (DIFC/Cayman), Arqaam Securities LLC (UAE), Arqaam Capital Financial Company (KSA), and Arqaam Securities Brokerage (Egypt), providing regional coverage across the MENA region.
Differentiator
Problem solved
Functional benefit
Brands
- Arqaam Islamic Income Fund: Shariah-compliant fixed income fund recognized for consistent risk-adjusted performance across 3-year and 5-year horizons, winning LSEG Lipper Fund Awards in MENA Markets.
- Arqaam Fixed Income Asset Management (FIAM)
- Arqaam Equities Asset Management (EQAM)
- Arqaam Markets
- Arqaam Principal
- Arqaam Wealth
- Arqaam Digital
Products and services
- Investment Banking Advisory
- Sales and Trading
- Asset Management
- Institutional Research
- Principal Investments
- Wealth Management
- Corporate Brokerage Solution
- Shariah-Compliant Derivatives
Quantifiable outcome
- 15% market share of Egyptian institutional trading volume
- +2 more outcomes
Companies that use Arqaam Capital
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles3 records
Arqaam Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Arqaam Capital partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Welspun WorldcoreArqaam Capital advised Welspun World on successful sale of 4.6% stake in East Pipes Integrated Company (approximately SAR 284 million) through off-market negotiated deal.
- BlackRock Investment InstitutecoreBen Powell, Chief Middle East and APAC Investment Strategist at BlackRock Investment Institute, opened Day 2 of Arqaam's 12th MENA Investor Conference 2025.
- OQ GroupcoreArqaam Capital co-curated and delivered OQ Group Investor Relations Strategy Workshop, supporting Oman's state energy group's capital markets engagement.
- Muscat Stock ExchangecoreCollaboration on forum 'Strengthening Oman's Capital Markets: Research, Liquidity & Investor Engagement' focusing on financial research, investor relations, and liquidity programs.
- Pure Health HoldingcoreArqaam Securities appointed as Liquidity Provider for Pure Health Holding on Abu Dhabi Securities Exchange.
- Arab Federation of Capital MarketsminorArqaam Capital joined AFCM as affiliate member, enhancing industry engagement and visibility across Arab capital markets.
- Centroid SolutionscoreIntegration with Centroid Solutions enhancing client access to key financial markets across UAE and GCC through expanded trading connectivity.
- Al Rajhi CapitalcoreCollaboration for market making on Tadawul, beginning with AMAK Mining Company. Partnership expands market making capabilities on Saudi Exchange.
- Investcorp CapitalcoreArqaam Capital serves as advisor and liquidity provider for Investcorp Capital, leveraging emerging markets strengths to foster growth and stability.
Scale indicators12 records
Recent moves9 records
Expansion highlights5 records
Arqaam Capital competitors and assessment
Company assessmentDirect peers
- EFG Holding (formerly EFG Hermes): The largest investment bank in the MENA region, offering investment banking, asset management, brokerage, and research across frontier and emerging markets. Directly comparable as a full-service MENA-focused platform; notably, Arqaam's new MD Karim Baghdady previously led at EFG Holding, evidencing direct talent overlap.
- CI Capital: Egyptian investment bank offering investment banking, asset management, securities brokerage, and research with deep MENA exposure. Comparable as a regional IB + AM platform; Baghdady's prior tenure at CI Capital further links the two firms in talent and coverage model.
- Emirates NBD Capital: UAE-based investment banking arm of Emirates NBD, an 8.32% shareholder in Arqaam, providing MENA ECM/DCM advisory, brokerage, and asset management. Directly comparable product set and customer base; co-mandated alongside Arqaam on the Republic of Benin Sukuk transaction.
- Al Rajhi Capital: Leading Saudi investment bank offering brokerage, asset management, and investment banking across KSA and the GCC. Comparable as a regional full-service platform; partnered with Arqaam on Tadawul market making for AMAK Mining.
- Mashreq Capital: UAE-based asset management and investment banking arm of Mashreq Bank, focused on MENA equities, fixed income, and advisory. Comparable as a UAE-headquartered regional player with overlapping institutional client base and product offering.
- Shuaa Capital: Dubai-based investment bank with asset management, investment banking, and brokerage across the GCC. Comparable as a UAE-headquartered mid-size MENA investment bank competing for similar regional mandates and institutional clients.
- Beltone Financial Holding: Egyptian investment bank providing brokerage, asset management, and advisory across MENA. Comparable as a regional player with strong Egyptian institutional brokerage presence similar to Arqaam Securities Brokerage Egypt.
- Investcorp: Bahrain-headquartered alternative investment firm with MENA asset management and corporate investment activities. Comparable as a regional MENA-focused investment platform; Arqaam acts as advisor and liquidity provider for Investcorp Capital.
Regional players
- National Investments Company (NIC Kuwait): Kuwait-based investment bank and asset manager serving institutional and retail clients across the GCC. Comparable as a regional IB/AM platform; co-invested with BNK Group in Arqaam's 2026 strategic capital raise for Kuwait expansion.
Broad incumbents
- Mubadala Capital: Abu Dhabi sovereign wealth fund's investment platform managing private equity, venture capital, and public markets across MENA and globally. Comparable as a deep-pocketed regional capital markets participant, though broader and principal-investment-oriented rather than a pure advisory/brokerage firm.
Market position
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Arqaam Capital social profiles
Digital presenceArqaam Capital compliance and trust
Trust signalCompliance7 records
Arqaam Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Arqaam Capital leadership team
Management profileNumber of profiles
Profiles13 records
Arqaam Capital subsidiaries and ownership
Company hierarchySubsidiaries13 records
Arqaam Capital funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Arqaam Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Arqaam Capital
What does Arqaam Capital do?
Arqaam Capital is a Dubai-based private investment bank operating across MENA and global emerging markets, providing integrated financial services including investment banking advisory, asset management, sales and trading (equities, credit, derivatives), institutional research, principal investments, and wealth management solutions for institutional, corporate, government, and high-net-worth clients.
Is Arqaam Capital a public or private company?
Arqaam Capital is a private company. It is classified as venture growth investor backed and is currently operating.
When was Arqaam Capital founded?
Arqaam Capital was founded in 2009. It employs 101 to 250 people.
Where is Arqaam Capital based?
Arqaam Capital is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does Arqaam Capital make money?
Four revenue lines are on record. Investment Banking Fees are the primary driver. The others are asset Management Fees, brokerage Commissions and research Subscriptions.
Who are Arqaam Capital's main competitors?
Direct peers on record are EFG Holding (formerly EFG Hermes), CI Capital, Emirates NBD Capital, Al Rajhi Capital, Mashreq Capital, Shuaa Capital, Beltone Financial Holding and Investcorp. National Investments Company (NIC Kuwait) is listed as a regional player. Mubadala Capital is listed as a broad incumbent.
Does Arqaam Capital have an API?
No public API is recorded for Arqaam Capital.
What industry is Arqaam Capital in?
Arqaam Capital's product category is Investment Banking. Its primary akta.pro industry code is BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory), with a secondary code of BPAHAOAE, Equity Capital Advisory (Private Equity Placements, Growth Capital). Its NAICS code is 523 and its SIC code is 6211.