ADIO partnership to foster Florin Court, Tribe expansion

UK-based Florin Court to set up new trading hub at the ADGM; UAE's Tribe eyes global expansion

  
Image used for illustrative purpose. Abu Dhabi financial district.

Image used for illustrative purpose. Abu Dhabi financial district.

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The Abu Dhabi Investment Office (ADIO) has partnered with financial services companies Florin Court Capital (Florin Court) and Tribe Infrastructure Group (Tribe) as part of its AED 2 billion ($545 million) Innovation Programme.

The two partnerships are expected to support the growth of the companies’ capabilities and international footprint from Abu Dhabi, while expanding the quantitative asset management, trading and advisory base of the emirate’s financial sector.

Dr. Tariq Bin Hendi, Director General of ADIO, said: "ADIO’s partnerships with the two sector leaders will propel their growth from Abu Dhabi, as they capitalise on the emirate’s enabling business environment to pursue new strategies and expansion.”

UK-based Florin Court is a hedge fund manager specialising in the quantitative trading of alternative markets.

Florin Court will establish its new trading, research and operations hub in the Abu Dhabi Global Market (ADGM), the emirate’s international financial centre (IFC). Tribe, a UAE-based financial advisor,  will pursuing broader global expansion from its headquarters in ADGM.

In addition to the Financial Services sector, ADIO’s AED 2 billion Innovation Programme targets innovation-led companies focused on Information and Communications Technology, Health Services & Biopharma, AgTech, Tourism and more.

(Writing by Seban Scaria; editing by Anoop Menon) 

(seban.scaira@refinitiv.com)

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© ZAWYA 2021


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