FUJAIRAH, 16th April, 2014 (WAM) -- National Bank of Fujairah (NBF) has announced the official opening of NBF Capital Limited, a fully-owned subsidiary of the bank that offers bespoke financial advisory solutions.
Located at Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA), NBF Capital?s office was inaugurated by Sir Easa Saleh Al Gurg, KCVO, CBE, NBF?s Deputy Chairman. Since its establishment last May, NBF Capital has advised companies in diverse industries from precious metals and health-care to manufacturing, on transactions totalling AED 650 million. In these transactions, NBF Capital?s principal role was to structure the transaction and run the transaction book. The advisory service currently has a deal pipeline in excess of AED 1 billion, further underscoring its position as a trusted financial solutions provider. P.B. Das, Senior Executive Officer of NBF Capital, said, "We have always wanted to carve a niche as a bespoke service for companies seeking to grow in the local marketplace and serve as a credible alternative to the multinational investment banks and consultancy firms that predominate the financial advisory space, and our progress in this short span of time certainly shows that we are on the right track. "NBF Capital is ideally positioned to help companies make the best of the resurgence within the U.A.E. and the region. Our status as a subsidiary independent from the traditional lending business of the bank allows us to not only operate with greater governance and transparency, but leverage NBF?s market knowledge, business expertise and relationships to maximum effect for our clients? success."Copyright Emirates News Agency (WAM) 2014.
