Exclusive: Amana Capital, Centroid Solutions and 514 Capital Merge into 180 Capital

Wednesday, 20/12/2017 | 11:03 GMT by Victor Golovtchenko
  • The brokerage company, the technology provider and the asset management firm are uniting under one brand.
Exclusive: Amana Capital, Centroid Solutions and 514 Capital Merge into 180 Capital
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Amana Capital, Centroid Solutions, and 514 Capital Partners have shared with Finance Magnates that they are working on a Merger . The companies have unveiled a transformational that unifies the three firms into a holding company named ‘180 Capital’.

Commenting on the news, the Executive Director of 180 Capital and Chief Executive Officer of Amana Capital, Ahmad Khatib, said: “The grouping of the entities under one structure, will help realize our vision of building an international player that delivers technology-centered solutions to the financial industry. We look forward to exploring more strategic possibilities in the future.”

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The synergies between the different firms that are all focused on the financial market are vast and the new entity will focus on increasing the effective cooperation between the firms.

“The consolidation will accelerate our momentum through a mandate of strategic collaboration, facilitated by shared values, including integrity, competitiveness, and passion,” explains the co-founder of 180 Capital and Chairman of Centroid Solutions, Ziad Aboujeb.

The new brand, located on the web at 180cap.com, will integrate the experience of Amana Capital in the online brokerage business with the quantitative investment management focus of 514 Capital and the Risk Management and regulatory technology solutions of Centroid Solutions.

The companies are aiming to expand their business by broadening their client base, and find synergies across different operational aspects of each firm. The deal is pending a regulatory approval from the competent authorities.

“Our companies have been steadily building distinct capabilities for several years. Our entrepreneurial dynamism will allow us to build a larger, more meaningful organization for our stakeholders,” concluded the co-founder of 180 Capital and Chairman of 514 Capital Partners, Karim Farra.

Amana Capital, Centroid Solutions, and 514 Capital Partners have shared with Finance Magnates that they are working on a Merger . The companies have unveiled a transformational that unifies the three firms into a holding company named ‘180 Capital’.

Commenting on the news, the Executive Director of 180 Capital and Chief Executive Officer of Amana Capital, Ahmad Khatib, said: “The grouping of the entities under one structure, will help realize our vision of building an international player that delivers technology-centered solutions to the financial industry. We look forward to exploring more strategic possibilities in the future.”

Discover credible partners and premium clients in China's leading event!

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The synergies between the different firms that are all focused on the financial market are vast and the new entity will focus on increasing the effective cooperation between the firms.

“The consolidation will accelerate our momentum through a mandate of strategic collaboration, facilitated by shared values, including integrity, competitiveness, and passion,” explains the co-founder of 180 Capital and Chairman of Centroid Solutions, Ziad Aboujeb.

The new brand, located on the web at 180cap.com, will integrate the experience of Amana Capital in the online brokerage business with the quantitative investment management focus of 514 Capital and the Risk Management and regulatory technology solutions of Centroid Solutions.

The companies are aiming to expand their business by broadening their client base, and find synergies across different operational aspects of each firm. The deal is pending a regulatory approval from the competent authorities.

“Our companies have been steadily building distinct capabilities for several years. Our entrepreneurial dynamism will allow us to build a larger, more meaningful organization for our stakeholders,” concluded the co-founder of 180 Capital and Chairman of 514 Capital Partners, Karim Farra.

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3424 Articles
  • 18 Followers
About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 18 Followers

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