DUBAI: SHUAA Capital psc, the leading asset management and investment banking platform in the region, today announced that it has paid in full the USD 100 million bond issued in November 2017 by ADFG FC Limited.
The redemption follows the recent successful closing of a new three-year bond, which saw SHUAA raise USD 150 million in the first high yield issuance in MENA since the onset of COVID-19.
The new bond is listed on the London Stock Exchange‘s International Securities Market.
SHUAA Capital psc (DFM: SHUAA) is a leading asset management and investment banking platform, with c. USD 13 billion in assets under management and with offices throughout the Middle East and the United Kingdom.
SHUAA Capital psc is recognized for its strong track record and pioneering approach to investing through a differentiated, innovative and global product offering focused on public and private markets, debt and real estate.
The asset management segment, one of the region’s largest, manages real estate funds and projects, investment portfolios and funds in the regional equities, fixed income and credit markets; it also provides investment solutions to clients, with a focus on alternative investment strategies.
The investment banking segment, mandated to lead several sukuk issuances for a total of more than USD 600 million during the past year and a half, provides corporate finance advisory, transaction services, private placement, public offerings of equity and debt securities, and structured products, while also creating market liquidity on OTC fixed income products.
The firm is regulated as a financial investment company by the Emirates Securities and Commodities Authority.