SINGAPORE and DUBAI, Sept. 23, 2024 /PRNewswire/ — Acclime, a provider of corporate, governance and advisory services to businesses across Asia and key markets, today announced it has expanded its presence in the United Arab Emirates (UAE) with the completion of the acquisition of Alpha Management Limited.
Acronym (PRNewsfoto/Acronym)
Founded in 2007 by Shaukat Murad, Alpha Management Limited is a pioneer in the corporate services sector in the Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM).
Regulated as a Designated Non-Financial Business Professional (DNFBP) in both Dubai and Abu Dhabi, Alpha Management offers a comprehensive range of professional services covering formation, governance and compliance reporting needs for corporations, investors and high net worth individuals.
The business will add to an impressive portfolio of blue-chip clients, expand its overall range of services and strengthen Acclime’s existing UAE operations in Dubai and Abu Dhabi. The rebranding from Alpha Management to Acclime is expected to occur in early 2025.
Martin Crawford, co-founder and chairman of Acclime, explained: “The strategic acquisition of Alpha Management reaffirms Acclime’s commitment to the Middle East and strengthens our position in the region, building on our previous acquisitions. We are excited to establish a strong presence in the UAE and use it as a base to firmly place the Middle East on Acclime’s map.”
Rajiv Kumar Singh, Managing Director, Acclime Middle East, added: “We are excited to welcome the Alpha Management team to the Acclime family. We remain focused on providing a platform to MNCs and investors across the Middle East while enhancing our client experience by offering our global expertise in advisory, international expansion and professional services. With this acquisition, we will further expand possibilities for our clients in the region.”
Shaukat Murad, who will remain involved with Alpha Management and Acronym following completion, said: “We are proud to partner with Acronym for the next stage of our journey. Joining Acronym’s regional network means that our clients can seamlessly benefit from international service delivery and our team will have increased access to international expertise and business systems. This is an exciting time for us.”
Zia Murad of Alpha Management has been appointed Deputy Managing Director of Acronym UAE, with immediate effect, he will play a key role in managing Acronym’s UAE operations and driving its expansion across the Middle East. Along with Shaukat, both will report to Rajiv Kumar Singh and form one of the most skilled and experienced senior management teams in the region.
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About Acclime
Acclime provides corporate, governance and advisory services to businesses. It operates across 14 countries and employs over 1,400 dedicated professionals. The company offers a comprehensive range of professional services and business advisory to help companies navigate complex regulatory environments and achieve their goals at every stage of their business lifecycle.
About Alpha Management Limited
Alpha Management is a specialist advisory and corporate services provider in the UAE, offering a wide range of services to companies and investors looking to expand their presence in the region. The company offers clients advisory and specialist solutions in market entry, company formation, company secretarial, accounting, tax reporting and HR outsourcing. It also caters to the private wealth sector through the formation and management of foundations and holding companies, and provides outsourced treasurer, governance and reporting solutions to asset managers and family offices.
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SOURCE Acclime