By Staff writer
Oldest investment bank in the Middle East also strengthened advisory services during crisis
UAE-based Shuaa Capital has strengthened its specialised corporate restructuring service to support reenergising the business sector.
The move is designed to open doors for businesses to new credit lines, enabling them to overcome the challenges associated with the current coronavirus pandemic.
Shuaa, the oldest investment bank in the Middle East, has also strengthened its advisory services for corporates to execute capital raising through diverse instruments such as mezzanine/sub-ordinated debt, Term Loan B (TLBs), fixed income, convertibles, and preferred equity, among others.
Jassim Alseddiqi, chief executive officer of Shuaa Capital, said: “As a company committed to creating value for our stakeholders, we understand that businesses need access to both revenue and liquidity, especially as we prepare for the post Covid-19 world. By strengthening our corporate restructuring service, we are stepping up our support to the business community and preparing them to emerge safer and stronger from the current crisis.
“Shuaa brings ADFG’s understanding of debt with Shuaa Capital’s expertise in fixed income trading, positioning it as the financial advisory leader in corporate restructuring as well as issuing and trading high yield debt and fixed income instruments.
“The ‘extend and pretend’ approach to restructuring debt no longer works. Corporates need to look at the full range of instruments available to optimise their balance sheet to grow out of their liquidity issues. That is what SHUAA brings to the table and we are confident that our service portfolio will address what we see as a crisis of confidence in the market.”