ARC Group is excited to announce that it has been granted an In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) for a Category 4 (CAT4) License. This significant milestone sets the stage for ARC Group to operate as a securities, derivatives in Abu Dhabi and extends its services across the region upon receiving the subsequent Financial Services Permission. The IPA approval marks a crucial step for ARC Group in establishing our foothold in Abu Dhabi, the capital of the UAE, and enhances our position as a leader in bridging financial markets between Asia, Europe, and America.
“We are thrilled to have received the In-Principle Approval for the CAT4 License from the esteemed Financial Services Regulatory Authority of ADGM,” said Abraham Cinta. “This approval represents a significant milestone in our journey, and we look forward to leveraging the vast opportunities offered by the UAE’s dynamic financial landscape. Our commitment to delivering innovative financial solutions and facilitating seamless connections between global markets is further strengthened with this approval.”
“We are confident that the CAT4 license will bolster our presence in Abu Dhabi, and we are excited to contribute to the growing financial ecosystem within the ADGM,” added Chittransh Verma, Managing Director of India & MENA at ARC Group Ltd. “As a leading financial services firm, we remain committed to providing innovative solutions to our clients and forging strong partnerships in the region.”
Commenting on ARC Group receiving its IPA, Arvind Ramamurthy, Chief of Market Development at ADGM , said, “We are pleased for ARC Group Limited to receive the IPA from ADGM’s FSRA and look forward to witnessing their expansion plans in the region materializing from Abu Dhabi and the UAE. We are confident that ADGM’s dynamic ecosystem and progressive regulations will support ARC Group in delivering innovative solutions that can add value to the investment banking and advisory services business and contribute to the continuous development of Abu Dhabi’s vibrant financial landscape.”