Abu Dhabi company believes the decision is in support of its strategy to optimise the structure of its investment holdings
SHUAA Capital
Latest in SHUAA Capital
Saudi Arabia
SHUAA Capital announces $137mn sale of Saudi hospitality portfolio to Sumou Holding
The portfolio comprised three prime hospitality properties strategically located in Riyadh, Jeddah, and Dammam
bond issuance
SHUAA to launch two MCBs to complete capital optimisation plan
Bonds to be issued in two tranches of $115.9 million total value; MD Ahmed Al Ahmadi steps down as planned
Asset Management
Shuaa Capital COO Bechara Raad resigns
The asset management and investment banking platform, which is listed on the DFM, announced the COO’s departure in a disclosure on Tuesday
Business Bay
Dubai real estate: Danube Properties buys prime $52m Business Bay plot from Shuaa Capital
Dubai developer Danube Properties acquires Business Bay land from Shuaa Capital
Abu Dhabi
Shuaa launches three new Sharia-compliant funds, bringing assets under management to $200mn
The three new funds will expand choices available to institutional high net worth individuals (HNWIs) and corporate investors
London property market
Shuaa’s Northacre completes London luxury project six years after $446 million land deal
Shuaa Capital earlier bought the plot, which was the previous location of the Metropolitan Police Headquarters, for $446 million
acquisition
SHUAA secures $160 million financing facility from NBF, Arab Petroleum Investments for Allianz acquisition
The financing facility is one of the largest secured overnight funding rate (SOFR) based facilities of its size for a leveraged buyout transaction in the region
Asset Management
SHUAA Capital posts strong performance in Q1 2022 despite global uncertainties and market volatility
Excluding the effects of the intangible asset write-down, the firm’s net profit on a like-for-like basis would have increased to $10.07 million in the first three months of 2022
Abu Dhabi
Eshraq Investments set to acquire Goldilocks and take value of its combined assets past $1.03 billion
Goldilocks generated income of $28.58 million in 2021 on the back of its investments in profitable and strong cash-flow generating UAE-based companies
Asset Management
SHUAA Capital reports strong growth in core revenues driven by gains within managed funds
In 2021, SHUAA made key hires across the business, notably within real estate and client coverage, with core headcount increasing by 33 percent.
Debt financing
SHUAA Capital launches GCC’s largest venture debt fund to support growth of regional technology leaders
SHUAA Venture Partners is a $250 million Shari’ah fund that has been established to support the growth of regional technology and technology-enabled leaders that are seeking alternative sources of funding
acquisitions
SHUAA Capital acquires majority stake in fintech firm Souqalmal to empower customers to understand, manage, and grow their finances
The investment will support Souqalmal’s ambitious growth plan and the expansion of its services, as the firm looks to develop a personal financial management platform that will include financial education and awareness
Anghami
UAE’s Shuaa Capital lists tech-focused $100mn SPAC on NASDAQ New York
Special Purpose Acquisition Company will focus on identifying tech-enabled financial services businesses in the MENAT region
DFM
Dubai’s Shuaa said to mull IPOs for two units as Dubai plays catch-up
Sources say Shuaa Capital has been in talks with the Dubai Financial Market about listing Stanford Marine Group and NCM Investment
ajit joshi
Dubai’s Shuaa invests in Swiss pharma-tech supply chain firm
Shuaa Capital chief says SkyCell is a ‘great fit’ for investment criteria
Bahrain banking
Bahrain’s GFH eyes deal to take over Khaleeji Commercial Bank
Shareholders approve board recommendation to pursue acquisition of more shares in Bahraini bank