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Abu Dhabi’s Noor Capital fully acquires House of Borse

by WAYA Staff - Mar 29, 2023
Abu Dhabi’s Noor Capital fully acquires House of Borse

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.”

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