UNITED ARAB EMIRATES: SHUAA Capital psc, the leading asset management and investment banking platform in the region, has announced the appointment of Wafik Ben Mansour as Acting CEO. Wafik will lead the next phase of SHUAA’s capital optimisation process to create a growth platform and capitalise on market opportunities in the UAE and wider region….
UNITED ARAB EMIRATES: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, has appointed Wafik Ben Mansour, a seasoned investment banking professional, as Head of Investment Banking, succeeding Fawad Tariq Khan who took over as Group CEO last year. Previously serving as Managing Director at Credit Suisse, Wafik…
UNITED ARAB EMIRATES: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced the acquisition of Allianz Marine and Logistics Services Holding Limited by its managed funds. The transaction is one of the largest M&A deal in the maritime offshore sector in the Middle East in recent years…
UNITED ARAB EMIRATES: SHUAA Capital psc (DFM: SHUAA) has launched SHUAA Venture Partners, a USD 250 million Shari’ah fund, focused on venture debt investments. Commenting on the launch of the fund, Natasha Hannoun, Head of Debt at SHUAA Capital said: “SHUAA Venture Partners will provide alternative capital solutions to high growth companies across the GCC….
UNITED ARAB EMIRATES: SHUAA Capital (DFM: SHUAA), the leading asset management and investment banking platform in the region, has completed a strategic investment in UAE-based fintech, Souqalmal. The investment will provide growth capital, allowing Souqalmal to execute on an ambitious growth plan over the next 24 months. Following the investment, Ambareen Musa, Founder and CEO…
DUBAI, UNITED ARAB EMIRATES: SHUAA Capital plans to complete and deliver £2 billion worth of property projects in London through its wholly-owned subsidiary Northacre, within 8 months. Northacre is currently focused on completing its two key projects, No.1 Palace Street and The Broadway, both of which are due to complete simultaneously between the end of…
DUBAI, UAE: SHUAA Capital psc announced its intention to launch a new Digital Wealth Platform to serve existing clients as well as the next generation of investors. To steer the company’s innovative and ambitious digital proposition, which will operate as an independent fintech platform, SHUAA has appointed ex-Visa and Google alumnus, Hadi Raad, in the…
DUBAI: SHUAA Capital psc announced the first dividend for investors in two of its Sharia-compliant funds, offering a 1% cash dividend for the fourth quarter of 2020. The dividend is first dividend from the funds and within three months of their launch and translates to a 6.4% dividend yield for the investors. The Nujoom Aggressive…
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…
DUBAI: SHUAA Capital, the leading asset management and investment banking platform in the region, announces that it has successfully priced a USD 150 million bond issuance. The bond priced with a coupon of 7.5% will be the first high yield issuance in MENA since the onset of the COVID-19 pandemic in March 2020. The bond…
DUBAI: SHUAA Capital has been appointed by 500 Startups, the most active early stage venture capital firm globally, as Advisor to its Falcon 1 fund in MENA (500 Falcons, L.P.). SHUAA will be represented by its Chief Executive Officer, Jassim Alseddiqi. SHUAA, under Jassim’s leadership, will focus its support on advising 500 Startups’ Falcons I…
DUBAI: SHUAA Capital has launched three Sharia compliant funds and already secured USD 75 million of commitments, a news release said. The SHUAA High Yield Sukuk Fund, Nujoom Aggressive Fund and Nujoom Balanced Fund–the first Sharia-compliant funds within an ICC umbrella to launch in the Abu Dhabi Global Market (ADGM) –are breaking ground as part…