ARC Group Receives In Principle Approval from Abu Dhabi Global Market

ADGM FSRA 09/08/2023

ARC Group Limited, a globally renowned financial services and advisory firm with a strong focus on Asia, has announced that it has been granted an In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) of an application to conduct Regulated Activities under prudential Category 4, on 31 July, 2023.

This significant milestone sets the stage for ARC Group to operate in arranging deals in investments; and advising on investments or credit in or from ADGM and extend its services across the region upon receiving the subsequent Financial Services Permission from the FSRA, subject to regulatory approval.

The IPA marks a crucial step for ARC Group in establishing its foothold in Abu Dhabi, the capital of the UAE. ARC Group is a full-service financial institution deeply rooted in Asia with global reach. Among the global leaders in mid-market public market advisory, ARC Group was ranked in first place globally as advisor to SPAC business combinations by both number of transactions and by transactional value in 2022, according to SPAC Insider.

ARC Group provides a full spectrum of Investment Banking and Advisory services including IPO’s, Equity Financing, Debt Financing, Private Equity Banking, Asset management, Wealth management, SPAC services, PIPEs, Debt advisory, Bridge financing, corporate advisory, consulting and more.

“We are thrilled to have received the In-Principal Approval from the esteemed Financial Services Regulatory Authority of ADGM,” said Chittransh Verma, Managing Director of India & MENA at ARC Group.

He added: “This approval represents a significant milestone in our journey, and we look forward to leveraging the vast opportunities offered by the UAE's dynamic financial landscape. Our commitment to delivering innovative financial solutions and facilitating seamless connections between global markets is further strengthened with this approval. We are confident that the licence, once granted. will bolster our presence in Abu Dhabi, and we are excited to contribute to the growing financial ecosystem within the ADGM. As a leading financial services firm, we remain committed to providing innovative solutions to our clients and forging strong partnerships in the region."

Commenting on ARC Group receiving its IPA, Arvind Ramamurthy, Chief of Market Development at ADGM , said, "We are pleased for ARC Group Limited to receive the IPA from ADGM's FSRA and look forward to witnessing their expansion plans in the region materializing from Abu Dhabi and the UAE. We are confident that ADGM's dynamic ecosystem and progressive regulations will support ARC Group in delivering innovative solutions that can add value to the investment banking and advisory services business and contribute to the continuous development of Abu Dhabi's vibrant financial landscape."

With a strong focus on SPAC and IPO advisory, ARC group was recognized as the best mid-market boutique investment bank in 2020 by the International Investors magazine and was awarded the “2022 Deal of the Year” by the M&A Worldwide convention. Once granted, the licence from ADGM’s FSRA will empower ARC Group to further strengthen its position as a global leader in financial services and advisory, bridging markets between Asia, Europe, and America.