UAE’s Gargash Group acquires digital payments company


Abu Dhabi – Mubasher: The UAE’s Gargash Group announced its acquisition of Deem Finance, the digital financial services provider in the field of consumer finance in the United Arab Emirates.

This acquisition contributes to the expansion of Gargash Group’s financial services offering in the market, and enhances the group’s ability to implement its strategic growth plans, according to a press release.

Gargash Group has had a strong presence in the non-banking financial services sector for 23 years through Daman Investment Company, which is one of the leading regional companies in this sector.

Daman Investments has a long history in investment management and advisory services to local and regional clients.

Daman, through its core advisory services, helps companies increase their capital to strengthen and grow their businesses, advises on mergers, acquisitions and sales, and provides guarantees for capital market, equity and debt transactions..

Deem Finance is a leading financial services institution in the UAE, offering a wide range of corporate finance solutions, including loans, credit cards and corporate deposits.

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