InCred Group has acquired Dubai-based financial and investment advisory firm Arrow Capital (DIFC) Limited. The deal amount has not been disclosed.

Founded in 2016 by Rohit Nanani, Arrow Capital claims to offer financial and investment advisory services to ultra-high net worth individuals, families, trusts, and corporate entities. 

With this acquisition, InCred aims to expand its operations in the Middle East and Africa regions. In addition, it also looks to bolster its capabilities across wealth management, investment banking and asset management, according to a statement. 

Post acquisition, InCred Global Wealth will manage assets exceeding $2 billion across Dubai, Singapore, and London. 

“Arrow’s deep understanding of the Middle Eastern and African markets, combined with its strong client relationships and broad service offerings, will significantly enhance our ability to serve the sophisticated needs of clients across various segments,” said InCred Group founder and CEO Bhupinder Singh. 

InCred Financial Services is planning to raise Rs 4,000-5,000 crore via its initial public offering (IPO).