Arqaam Capital is advising on two IPOs in the Dubai Financial Market worth a combined AED 4 bn (USD 1.1 bn) for execution in 2H2016, said the firm’s managing director Sherif El Helw in an interview with Amwal Al Ghad. Both companies are UAE-based and operate in the retail and financial sectors, he tells the newspaper. El Helw had previously told the newspaper in July that Arqaam was running 15 transactions in Egypt and the GCC, including M&A transactions worth just north of a USD 1 bn. The firm plans to grow its assets under management to USD 3 bn in two years from a current USD 1 bn, primarily through the launch of new private equity funds.