Business Activities: The GulfCapGroup, based in the United Arab Emirates, is engaged in providing the Business Advisory Solutions, together with the Management Consultancy Services. History: Originally, GulfCap was founded by Jamil Qureshi, in conjunction with Suleiman Shahbal, back in 2006. Later, during 2007, prestigious and high-net-worth individuals and prominent business groups from the Kingdom of Saudi Arabia, Kingdom of Bahrain and the Sultanate of Oman joined the company as additional shareholders. The company successfully closed several private equity investments and business advisory transactions, including but limited to: establishing GulfAfrican Bank, Kenya (the first Islamic bank in the East African region); acquiring Dalma Energy (now Al-Qahtani Investments) from Aabar Petroleum (one of the largest private sector drilling companies in the Gulf region); shareholdings in the newly launched BurjBank (then Dawood Islamic Bank) and Dawood Family Takaful (life insurance), Pakistan; promoting TranzLease (a car leasing company) in India, etc. The shareholders were also licensed by the Dubai Financial Services Authority (DFSA) to establish Gulf Investments Limited, authorised to operate as an investment banking company. The company is in the process of liquidation as of September 2011.
