Abu Dhabi asset manager Gulf Capital is considering setting up a special purpose acquisition company that will list on the Abu Dhabi Securities Exchange, two sources told Reuters.
Gulf Capital, which manages about $2.5 billion in assets, is working with boutique advisory Moelis & Co. on the potential transaction, said the sources, who declined to be named because the matter is not public.
Investor interest in blank-check companies is rising in the Middle East as deals have started to face greater scrutiny in the United States. Read more.
