Abu Dhabi's Noor Capital Completes Acquisition of UK’s House of Borse
Noor Capital has finalised a 100% acquisition of House of Borse as part of its ambitious growth plan into the UK and Europe.
Noor Capital, an investment company based in Abu Dhabi, has finalised a 100% acquisition of UK-based financial brokerage House of Borse.
Described as the largest acquisition of a British organisation by a UAE company in the financial sector in 2023, the move is part of Noor Capital's growth plan - Noor Business will be able to expand its business in the United Kingdom with the launch of various investment products, and enjoy the prestige of its new association with an FCA-licensed brand. Noor Capital will also be able to increase its customer base in Europe and the UK.
The acquisition builds on a new pattern in which Gulf companies become more transcontinental, reversing the trend wherein European and American companies acquire Middle Eastern ones.
Having increased its revenues by over 71% in 2022, House of Borse sees the move as a bridge between the UK and the Gulf region.