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.

Startup Scene VIEW ALL ARTICLES BY Startup Scene

Date
28/03/2023 22:25

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.

Sign up for the daily Startup Digest.

TRENDING LATEST surprise me

Week Month Year

Beltone Launches VC Fund to Back Egypt’s Tech Startups

Beltone Venture Capital will primarily focus on pre-seed and seed funding rounds, with additional support in follow-up rounds. [...]

Startup Grind to Host Virtual Product & AI Summit This June

The global startup community will bring together entrepreneurs from all corners of the earth to discuss the future of AI. [...]

Morocco’s PrestaFreedom Raises $1.1 Million From Azur Innovation Fund

The move will enable the startup to expand its operations geographically, with plans to enter various African markets next year. [...]

SVC Gives $7.5 Million To Fund Early to Late-Stage Startups in Saudi

The move signals SVC's commitment to nurturing the startup ecosystem in Saudi Arabia. [...]

The E-Commerce Platform Empowering Social Sellers Across MENA

Serving as a one-stop shop for both merchants and suppliers, Taager is empowering people to become social sellers. [...]

The Rise of Qatar’s Startup Ecosystem

StartupScene speaks with some of Qatar’s experienced investors and entrepreneurs on the nation’s burgeoning ecosystem. [...]

Egypt's The TriFactory & Optomatica Launch New Sportstech App Racemate

With over a decade of experience organising massive running events, the TriFactory is finally entering the sportstech scene. [...]

Turkish AI-Powered Platform Insider Raises $105 Million Investment

This pushes Insider’s total funding to $274 million, and will be used to expedite Insider's mergers and acquisitions strategy. [...]

Beltone Launches VC Fund to Back Egypt’s Tech Startups

Beltone Venture Capital will primarily focus on pre-seed and seed funding rounds, with additional support in follow-up rounds. [...]

AI-Powered Instant Commerce App Botit Could Change the Way We Shop

This new AI-powered e-commerce app promises to change the way we shop forever… [...]

How Pure Harvest is Addressing the Region’s Food Security Challenges

In this exclusive interview, May El Habachi speaks to CEO Sky Kurtz about the company’s rise and raise, and how they're leading the charge [...]

The Palestinian Entrepreneur 3D Printing a Brighter Future for Gaza

Creating medical and educational equipment through 3D printing technology, Mohammed Abu Matar and his startup Tashkeel 3D seeks to overcome [...]

How Online Marketplace Esorus Revolutionises Egypt's Design Industry

Breaking the mould by serving as an intermediary on multiple levels between designers and consumers, the platform connects people with some [...]

Entrepreneur & Mentor Dina El Mofty Launches Business Bootcamp

Injaz founder, Dina El Mofty, launched a Business Bootcamp to support entrepreneurs in developing a growth mindset. [...]

Beltone Launches VC Fund to Back Egypt’s Tech Startups

Beltone Venture Capital will primarily focus on pre-seed and seed funding rounds, with additional support in follow-up rounds. [...]

Startup Grind to Host Virtual Product & AI Summit This June

The global startup community will bring together entrepreneurs from all corners of the earth to discuss the future of AI. [...]

Morocco’s PrestaFreedom Raises $1.1 Million From Azur Innovation Fund

The move will enable the startup to expand its operations geographically, with plans to enter various African markets next year. [...]

SVC Gives $7.5 Million To Fund Early to Late-Stage Startups in Saudi

The move signals SVC's commitment to nurturing the startup ecosystem in Saudi Arabia. [...]

SVC Gives $7.5 Million To Fund Early to Late-Stage Startups in Saudi

The move signals SVC's commitment to nurturing the startup ecosystem in Saudi Arabia. [...]

Morocco’s PrestaFreedom Raises $1.1 Million From Azur Innovation Fund

The move will enable the startup to expand its operations geographically, with plans to enter various African markets next year. [...]

Startup Grind to Host Virtual Product & AI Summit This June

The global startup community will bring together entrepreneurs from all corners of the earth to discuss the future of AI. [...]

Beltone Launches VC Fund to Back Egypt’s Tech Startups

Beltone Venture Capital will primarily focus on pre-seed and seed funding rounds, with additional support in follow-up rounds. [...]

Turkish AI-Powered Platform Insider Raises $105 Million Investment

This pushes Insider’s total funding to $274 million, and will be used to expedite Insider's mergers and acquisitions strategy. [...]