DUBAI: SHUAA Capital, the Asset Management and Investment Banking platform created by the merger of SHUAA Capital and Abu Dhabi Financial Group (ADFG), has completed the sale of its Securities and Market-Making businesses, as the company continues to implement its non-core exit strategy focusing on further growing and expanding the Group’s asset management and investment…
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SHUAA led issuance of GFH Financial Group’s $300mn Sukuk oversubscribed more than two times
DUBAI, UAE: SHUAA Capital, the asset management and investment banking platform created by the merger of SHUAA Capital and Abu Dhabi Financial Group (ADFG), announced that it had along with other parties successfully priced and issued GFH Financial Group’s five-year sukuk at $300 million. The sale of GFH Financial Group’s sukuk held yesterday was a…
Al Ramz buys market‐making business of SHUAA Capital
DUBAI: Al Ramz Corporation Investment & Development PJSC announced the acquisition of the market‐making business of SHUAA Capital, the leading Asset Management and Investment Banking platform in the region created by the merger of SHUAA Capital and Abu Dhabi Financial Group (ADFG). The transaction will entail transfer of personnel and market‐making activities to Al Ramz.…
SHUAA Capital exiting non-core businesses
DUBAI, UAE: SHUAA Capital, the UAE-based financial services group which recently completed a transformational merger with Abu Dhabi Financial Group L.L.C. announced that it has agreed to sell its SHUAA Securities brokerage and market-making businesses in the UAE to IHC RSC Ltd, a subsidiary of International Holdings Company (IHC), pending regulatory approvals. IHC is an…