Gulf Islamic Investments fully acquires digital bank Anglo-Gulf Trade Bank from Mubadala
Dubai, United Arab Emirates, June 01, 2022 – Gulf Islamic Investments (GII), a leading private equity, real estate and venture capital company based in the United Arab Emirates, has acquired 100% of Anglo-Gulf Trade Bank (AGTB) from Abu Dhabi’s sovereign wealth fund Mubadala in line with GII’s objective of providing the best financial services solution to its investors and clients.
AGTB is a Category 1 Digital Bank licensed by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), the international finance centre in the capital of the United Arab Emirates and was established by Mubadala as the world’s first digitally-enabled trade bank. The consideration for the transaction is undisclosed.
Based in the innovation-friendly environment of ADGM, AGTB, was set up to address a growing gap in the trade finance market, which has become highly fragmented. As the first digital bank of the ADGM, it provides its customers with technology-enabled smart banking solution in a well-regulated ecosystem.
About Gulf Islamic Investments
Gulf Islamic Investments LLC (GII) is one of the region’s leading financial services firms. With over $3 billion of assets under management, GII seeks to achieve superior & sustainable returns and long-term value for its investors & shareholders, by investing in curated growth & income opportunities. GII believes in ‘innovation with a purpose’ and hence works towards the sustainability of the ecosystem it operates in. Under the leadership of a committed management team supported by prominent shareholders from the region, GII deploys private capital across diverse asset classes including real estate, private equity, and venture capital. GII’s client network includes UHNWIs, family offices, banks, institutions, and sovereign wealth funds in the GCC and Asia. GII is based in the United Arab Emirates and is regulated by the Securities and Commodities Authority (SCA).