Page 62 - AAE PR REPORT - SEPTEMBER 2025

Since securing its Dubai Financial Services Authority (DFSA) license and launching in late 2024,
ASB Capital has mobilised US$4.7 billion in assets under management. The Dubai-based company
stands out for its hybrid structure and its unique ability to deliver institutional-grade investment
solutions with boutique agility – this combination is rarely seen in the region’s asset management
space. ASB Capital launched with a ready-built platform, a clear multi-asset strategy, and $4.5
billion in starting assets under management (AUM), backed by investor demand and trust from the
beginning. In its first year, ASB Capital advised on and structured two major capital markets
transactions: The $1 billion sukuk issuance by Bapco Energies in Q1 2025, where ASB Capital
served as joint lead manager and bookrunner, and the $450 million Additional Tier 1 (AT1) Capital
issuance for Al Salam Bank in June 2025.
Best use of AI in finance – Alpheya

Alpheya is a first-of-its-kind AI-powered platform designed in the Middle East for the Middle East.
This deep regional integration creates a unique advantage that cannot be easily replicated by global
competitors. For example, Alpheya’s platform was developed with Arabic as a core language. This
architectural decision enables seamless engagement with Arabic-speaking clients. This includes
the critical ability to understand nuanced financial terminology in context, right-to-left bidirectional
interface elements, and culturally attuned, authentic communication styles. The company has
established itself as a transformative force in the Middle East’s financial technology landscape
through several critical achievements this past year. Alpheya is delivering the Middle East’s first AI-
powered wealth and trading solution specifically engineered to address the unique requirements of
the region’s largest financial institutions. Its strategic partnership with the Abu Dhabi Investment

https://www.financemiddleeast.com/features/finance-middle-east-awards-2025-winners/