Breaking News

Tweet TWEET

CAPM Investment in Abu Dhabi Said to Consider Halting Operations

CAPM Investment PJSC, a financial services company based in Abu Dhabi, may suspend operations if global market conditions don’t improve in the next three months, two bankers with knowledge of the situation said.

The company is in the process of halting asset management services and may suspend the investment banking business, said one of the bankers, who declined to be identified because the matter hasn’t been made public.

CAPM, whose subsidiaries include brokerage Asayel Shares & Bonds Trading LLC and Ithmar Invest PJSC, was set up in September 2007, according to its website.

Two officials at the company declined to comment when contacted by Bloomberg News.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.