SHUAA Capital PSC

SHUAA Capital p.s.c. is a financial investment company based in Dubai, United Arab Emirates, licensed and regulated by the U.A.E. Securities and Commodities Authority. The company's head office is located at The H Hotel Dubai, Office Tower, Level 15, Office No. 1502. For inquiries, they can be contacted via phone at +971 (4) 330-3600, fax at +971 (4) 330-3550, or email at info@shuaa.com. The company's website is www.shuaa.com. On October 14, 2025, a communication was sent to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, informing him that the Board of Directors of SHUAA Capital will make business-related resolutions by circulation on October 17, 2025. The letter was signed by Islam Mahrous, Chief Compliance Officer.

SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, issued a clarification regarding a recent announcement by Eshraq Investments PJSC. Eshraq announced a conditional agreement to acquire Shine SPV Holding 1 Limited, owned by an investment fund managed by SHUAA GMC Limited, a subsidiary of SHUAA. SHUAA clarified that it is not a party to this transaction. The acquisition is subject to regulatory approvals and third-party consents. SHUAA committed to complying with disclosure requirements and will provide updates on significant developments.

Shuaa Capital PSC, headquartered at The H Hotel, Office Tower, 15th Floor, Office No. 1502, Dubai, UAE, is a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219. On September 23, 2025, the company's Board of Directors approved resolutions concerning the company's ordinary business activities. This information was communicated to Hamed Ahmed Ali, the CEO of Dubai Financial Market. The notice was sent by Islam Mahrous, the Chief Compliance Officer.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219, is headquartered at "The H Hotel," Office Tower, 15th Floor, Office No. 1502, P.O. Box 54013, Dubai, UAE. Contact details include phone: +971 (4) 330 3600 and fax: +971 (4) 330 3550. On September 18, 2025, a letter was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market, regarding board decisions of Shuaa Capital PSC. It was announced that the board will make decisions by circulation concerning the company’s regular business on Tuesday, September 23, 2025. The letter was signed by Islam Mahrous, Chief Compliance Officer.

SHUAA Capital has appointed Anil Dixit as Head of Asset Management, enhancing its leadership team. This move follows the appointment of Nabil Al Rantisi as Group CEO, demonstrating SHUAA's commitment to strengthening its leadership and expanding its investment offerings. Anil Dixit brings over 25 years of experience in financial services, having previously managed a large global portfolio at Abu Dhabi National Insurance Company. His expertise will support SHUAA's strategy and client value delivery. Additionally, Aarthi Chandrasekaran will become Head of Public Markets, focusing on regional equities and fixed income within the Asset Management division led by Anil.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has announced new appointments. Dominic Piotr has been appointed as Chief Risk Officer, Rami Al Banna as Head of Marketing and Investor Relations, and Anil Dixit as Head of Asset Management. The announcement was addressed to Hamid Ahmed Ali, CEO of the Dubai Financial Market, and signed by Islam Mahrous, Chief Compliance Officer. The company's headquarters are located in Dubai, United Arab Emirates.

SHUAA Capital has announced a leadership change with Nabil Al Rantisi appointed as the new Group CEO, effective September 1, 2025. Wafik Ben Mansour, the outgoing CEO who led the company through a transformative period, will become a Senior Advisor to the Board of Directors. This transition coincides with SHUAA's nearing completion of its capital restructuring and its focus on future growth and value creation. Under Mansour's leadership, the company returned to profitability, strengthened its capital structure, and prepared to capture new market opportunities. Al Rantisi, with his background in investment banking and asset management, is expected to drive business expansion and develop new revenue streams. Badr Al Olama, Chairman of SHUAA Capital, expressed gratitude for Mansour's leadership and optimism for Al Rantisi's strategic vision in the company's next growth phase.

SHUAA Capital psc reported AED 888 million in accumulated losses for Q2 2025, which represents 24.26% of its capital. The losses stem from several factors, including fair value losses due to impairments and receivable write-offs related to investments in the UK, legacy real estate assets, and valuation adjustments from an associate's underlying asset. Additionally, a deferred tax liability was recognized following the implementation of corporate tax law in the UAE, and there were write-offs related to land valuation revisions in the UAE. Losses also arose from investments in public market securities and managed investments. To address these accumulated losses, the company is devising a 5-year plan focused on business growth and value creation through new investment funds and revitalizing its investment banking platform. A lean operating structure is expected to enhance cost efficiencies.

The document is the condensed consolidated interim financial information for SHUAA Capital PSC and its subsidiaries, covering the period from January 1, 2025, to June 30, 2025.

SHUAA Capital reported a net profit of AED 19 million for the second quarter of 2025, marking the second consecutive profitable quarter. For the first half of 2025, the company achieved a profit of AED 214 million, a significant improvement from the AED 117 million loss in the same period of 2024. This performance highlights the success of SHUAA's capital optimization strategy and indicates a return to sustainable profitability. The company reported revenues of AED 23 million for the quarter and improved its cost-to-income ratio to 78%. SHUAA is now well-positioned for growth and long-term value creation for shareholders. Key figures include a year-to-date revenue of AED 48 million, net operating income of AED 10 million, and a non-cash profit of AED 240 million.