Abu Dhabi-based investment company Noor Capital has fully acquired UK’s House of Borse (HOB) to be the largest acquisition of a UK entity by a UAE company.
The acquisition is aligning within the company’s plans to expand to the UK and European market, being able to build new and more customers base.
House of Borse, a brokerage company, sees that the acquisition is as a bridge between the UK and the Gulf region.
House of Borse annouced rapid growth and expansion that helped increase its revenues by over 71% in 2022, according to Financemagnets news website.Muhammad Al-Fadil Al-Qahtani, Chairman of HOB, qouted by Financemagnates.com: “This acquisition is a new trend in which Gulf companies are seeking global horizons , not the opposite as we see global companies acquire companies in the Gulf and the ME.”
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.