Aarna Capital

What Aarna Capital does

Aarna Capital Limited was a private financial services firm headquartered in Abu Dhabi, United Arab Emirates, founded in 2017. The firm provided stock exchange, equity, foreign exchange, consulting, and brokerage services, with its core operational focus on clearing services for clients in the Middle East region. It had built a base of approximately 180 local clients through its clearing business, serving market participants requiring Middle East market access.

In October 2024, Marex Group plc, a publicly listed diversified financial services platform on the London Stock Exchange, agreed to acquire Aarna Capital Limited to expand its clearing business and client base in the Middle East. The acquisition was positioned as earnings accretive from fiscal year 2025 and brought Aarna's capabilities and client relationships into Marex's broader platform spanning Clearing, Market Making, Agency and Execution, and Hedging and Investment Solutions. Following the acquisition, Aarna Capital ceased to operate as an independent entity and became a wholly-owned subsidiary of Marex Group plc, with its client book and operations integrated into Marex's regional expansion.

The firm operated with an estimated 11–50 employees pre-acquisition. No revenue, pricing model, funding, or detailed financial data is disclosed in the available source material, reflecting both the private status of the company prior to the Marex transaction and the limited public disclosure surrounding the deal.

Name

Aarna Capital

Legal name

Aarna Capital Limited

Website

https://aarnacapital.com

Company type

Private

Founded year

2017

Operating status

Acquired

Headcount range

11–50 employees

Short description

Aarna Capital was an Abu Dhabi-based financial services firm providing clearing, brokerage, equity, foreign exchange, and consulting services to approximately 180 Middle East clients, acquired by Marex Group plc in October 2024.

Ownership category

akta.pro rank

Product category

Brokerage and Clearing Services

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI)

akta.pro secondary industries

Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC), Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

Keywords

• Financial services
• Clearing services
• Brokerage services
• Foreign exchange
• Equity trading

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Core offering

Aarna Capital is a financial services firm that provides stock exchange, equity, foreign exchange, consulting, and brokerage services. The company was focused on clearing business services for local clients in the Middle East region, with access to approximately 180 local clients at the time of its acquisition by Marex Group plc in 2024.

Product overview

Aarna Capital Limited is a specialized financial services company that was acquired by Marex Group plc in 2024. The company operates as a distinct brand serving the Middle East market with clearing and related financial services. Following the acquisition, Aarna Capital's capabilities and client base (approximately 180 local clients) were integrated into Marex's broader platform of Clearing, Market Making, Agency and Execution, and Hedging and Investment Solutions services.

Differentiator

Problem solved

Functional benefit

Products and services

• Stock Exchange Services Financial services related to stock exchange operations, providing market access and transaction capabilities for clients in the Middle East region.
• Equity Services Equity trading and related financial services for institutional and local clients in the Middle East market.
• Foreign Exchange Services Foreign exchange trading and related services providing currency access for market participants.
• Consulting Services Financial consulting services providing advisory support to clients operating in Middle East markets.
• Brokerage Services Brokerage services facilitating trade execution and market access for approximately 180 local clients in the Middle East region.
• Clearing Services Clearing services for Middle East market participants, providing post-trade clearing capabilities and serving as the core capability that attracted Marex Group plc's acquisition.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Marex Group plccoreStrategic or Co-development Partner · 2 October 2024Marex Group plc agreed to acquire Aarna Capital Limited to expand operations in the Middle East. The acquisition aims to grow Marex's clearing business and client base. It provides new capabilities and access to approximately 180 local clients. Expected to be earnings accretive from fiscal year 2025.

Scale indicators1 record

Recent moves1 record

Expansion highlights2 records

Direct peers

• Marex Group plc: Parent company and direct operator of the same clearing, market-making, agency/execution, and hedging services that Aarna Capital provides in the Middle East. Post-acquisition, the two share business model, product set, and regulatory perimeter, making Marex the most directly comparable entity.
• StoneX Group: US-listed diversified financial services platform offering execution, clearing, FX, securities brokerage, and prime services to institutional and commercial clients globally. Overlapping product set, clearing infrastructure, and multi-asset intermediation model make StoneX a close structural comparable.
• TP ICAP: London-listed interdealer broker providing voice and electronic brokerage across rates, FX, equities, and commodities, with significant emerging-markets presence. Comparable broker-dealer model with interdealer intermediation and capital markets advisory overlap.
• Virtu Financial: Global market-making and execution firm operating across equities, FX, commodities, and fixed income, with substantial clearing relationships. Comparable market-making and agency execution activities, particularly relevant for the clearing and execution components of Aarna's offering.
• Compagnie Financière Tradition: Swiss-listed interdealer broker with deep emerging-markets presence, operating in equities, FX, and derivatives. Comparable interdealer intermediation model and emerging-market distribution footprint.
• BGC Group: Global brokerage and financial technology firm providing voice, electronic, and hybrid brokerage across rates, FX, equities, and credit. Comparable wholesale brokerage and intermediation model with capital markets advisory components.
• ED&F Man Capital Markets: Specialist broker in FX, equities, and commodities with clearing and execution services across emerging markets, including the Middle East. Most directly comparable in terms of regional broker-dealer profile and product mix.

Regional players

• ADS Securities (ADSS): Abu Dhabi-based broker offering FX, equities, and commodities trading with regional clearing relationships. Directly comparable Middle East-based competitor with similar product scope and client base in the same geography.
• SHUAA Capital: UAE-based financial services firm offering brokerage, asset management, and investment banking across the Middle East. Comparable regional broker-advisor profile with overlapping equity brokerage and advisory activities.
• EFG Hermes: Egypt-headquartered investment bank with substantial MENA brokerage, research, and capital markets operations. Comparable emerging-markets brokerage and capital markets advisory profile across the broader Middle East region.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aarna Capital