SHUAA Capital PSC

About SHUAA Capital PSC
Country of Origin: United Arab Emirates (U.A.E)
SHUAA Capital P.S.C. is a Public Shareholding Company established in Dubai, United Arab Emirates, pursuant to Emiri Decree No. 6 of 25 April 1979 and in accordance with the Federal Law No. (8) of 1984 (as amended).
SHUAA Capital P.S.C. (“SHUAA“) is a leading asset management and investment banking platform, 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 provides corporate finance advisory, transaction services, private placement, public offerings of equity and debt securities, while also creating market liquidity on OTC fixed income products. SHUAA is regulated as a financial investment company by the Emirates Securities and Commodities Authority.
Latest Pressrelease Summaries from SHUAA Capital PSC
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SHUAA Capital P.S.C. is a financial investment company based in Dubai, United Arab Emirates. It is licensed and regulated by the UAE Securities and Commodities Authority under registration number 703036 and holds a commercial license number 200219. The company was established on April 25, 1979, and has an authorized, subscribed, and paid-up capital of AED 2,535,720,000. The Chairman of the Board is Badr Al-Olama, and the Group Chief Executive Officer is Wafik Ben Mansour. Crowe Mak serves as the external auditor. The company's head office is located at The H Hotel Dubai, Office Tower, Level 15, Office No. 1502, with a mailing address of PO Box 31045, Dubai, UAE. Contact details include a telephone number of +971 4 330 3600, a fax number of +971 4 330 3550, and an email address of ir@shuaa.com.
SHUAA Capital has released its preliminary financial results for 2024, showing progress in addressing legacy asset impairments and repositioning for growth. The company reported AED 85 million in commitments for a Mandatory Convertible Bond issuance, part of its capital optimization strategy, expected to conclude by March 2025. Key financials for 2024 include adjusted operating revenues of AED 89 million, driven by asset management fees, and an adjusted net operating loss of AED 11 million due to a temporary revenue reduction during business transformation. The net loss attributable to shareholders was AED 289 million, primarily due to non-cash impairments. Despite challenges, SHUAA Capital's CEO highlighted the year's achievements and positive investor response.
Shuaa Capital PSC, a licensed and regulated financial investment company, held a board meeting on February 13, 2025. During the meeting, the board reviewed the company's financial performance for the previous period and made the following decisions: they approved the preliminary, unaudited, and unreviewed consolidated financial statements for the fiscal year ending December 31, 2024, and addressed other routine matters related to the company's operations.
Shuaa Capital PSC, a licensed investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219, has announced that it has secured binding commitments for the subscription of the first tranche of convertible bonds up to a maximum value of AED 150 million. This issuance is part of a private placement and is subject to necessary regulatory approvals. The commitments have been secured from Eshraq Investments PJSC, Al Baher Real Estate Development LLC, and United Motors & Heavy Equipment Co. LLC. The bonds will be offered to new shareholders with mandatory conversion into shares at a price of AED 0.32 per share, to occur as soon as possible after issuance.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219, has scheduled a Board of Directors meeting. The meeting will take place on Thursday, February 13, 2025, at 3:30 PM. The agenda includes the approval of the preliminary, unaudited, and unreviewed consolidated financial statements for the fiscal year ending December 31, 2024, along with other routine company matters. The meeting will be held at their main office located in Dubai, United Arab Emirates.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, announced that a court ruling was made in its favor regarding a lawsuit filed by a former executive board member. The lawsuit, dated August 30, 2024, involved a claim for approximately 22 million AED in labor entitlements. The company expressed its appreciation for the trust and support of its shareholders and emphasized its commitment to exploring all legal options to protect the rights and interests of the company and its shareholders. The announcement was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has announced the postponement of its general assembly meeting due to a lack of quorum. The meeting is rescheduled for Monday, February 17, 2025, at 3:00 PM at the company's headquarters on the 32nd floor of Al Khatem Tower, Al Maryah Island, Abu Dhabi. Shareholders can also attend remotely via electronic participation.
Press contacts for SHUAA Capital psc include Adnan Nur, the Finance Director. He can be reached by phone at +971 4 610 8206 or via email at sr@shuaa.com. More information can be found on their website, www.shuaa.com.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has announced a decision made by its Board of Directors. The decision involves the acceptance of the resignation of Mr. Ahmed Al Ahmadi from the Board and the appointment of Mr. Asad Ali Hussaini as his replacement until the end of the board's term in April 2027. This appointment will be presented to the company's general assembly for approval. The announcement was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, is located in Dubai, UAE. The company plans to hold a board meeting on January 30, 2025, to make a decision regarding the appointment of a board member. The communication is addressed to Mr. Hamad Ahmed Ali, the CEO of Dubai Financial Market, and is signed by Islam Mahrous, the Chief Compliance Officer.