The foundations of the GulfCap Group were laid out by Mr Jamil Qureshi and Mr Suleiman Shahbal, with an objective to provide investment banking, corporate finance, financial advisory and proprietary investments services. The approach was totally out-of-the-box in terms of creating new business models within the private equity domain. This resulted in incubating several initiatives from scratch, developing the concepts, and then approaching a group of HNW investors to invest at the most-mitigated stage of risk. Examples within this domain include launching commercial banks, insurance, leasing and telecom companies, etc. In addition, acquisitions of historically successful and financially strong companies were made as well, for example, within the oil and gas drilling sector.