Dubai-based investment bank Arqaam Capital is bringing a new heavyweight to its shareholder roster, with an undisclosed investment from Abu Dhabi’s Ethmar International Holding (EIH), according to a statement (pdf). There’s no publicly available information about the exact size and value of the transaction.

The fresh capital injection will fuel Arqaam’s growth strategy across the MENA, the statement said. The firm is also looking to grow its share of the equity and debt capital markets, corporate brokerage, and investor relations segments, in addition to scaling its core business, which covers investment banking, asset management, principal finance, and global markets.

the statement added.

EIH joins an already impressive group of regional shareholders that includes Emirates NBD, Commercial Bank International, Qatar Ins. Co, and Kuwait’s Public Institution for Social Security, according to the statement.

Arqaam has played a key role in some of the UAE’s biggest listings, including those of Borouge, Adnoc Gas, and Adnoc Logistics & Services, and has advised on over USD 12 bn worth of ECM and M&A transactions since 2021, the statement said. The firm’s wealth and asset management business has USD 1.7 bn in AUM across advisory, fixed income, equities and alternative strategies. In 2024, the firm executed over USD 35 bn in MENA securities for more than 1.1k institutional clients across the MENA, North America, the UK, Europe, and Asia, the statement said. The firm also has offices in Egypt, Saudi Arabia, and Lebanon.

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