UAE - Mubasher: Gulf Capital, a Dubai-based alternative investment company, is planning to establish a special purpose acquisition company (SPAC), which will offer its shares on the Abu Dhabi Securities Exchange (ADX), two sources told Reuters.
The sources referred that Moelis and Company is an advisory for the potential transaction.
In July 2021, sources told Bloomberg about Shuaa Capital's plan to launch three SPACs of about $600 million, which will list on Nasdaq, reflecting the rising interests among the region's investors in SPACs.
