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On May 16, 2025, a communication was issued by the Dubai Financial Market (PJSC) regarding two resolutions passed by the Board of Directors through circulation. These resolutions pertain to internal matters of the company. This follows the company's disclosure dated May 14, 2025.
شعاع كابيتال ش.م.ع. هي شركة استثمار مالية مرخصة وخاضعة لرقابة هيئة الأوراق المالية والسلع في الإمارات. في خطاب موجه إلى السيد حامد أحمد علي، الرئيس التنفيذي لسوق دبي المالي، أعلنت الشركة عن استقالة السيد نبيل محمد رمضان من عضوية مجلس الإدارة لأسباب شخصية تتعلق بالتزاماته المهنية المتزايدة.
SHUAA Capital PSC and its subsidiaries have released their condensed consolidated interim financial information for the period from January 1, 2025, to March 31, 2025.
SHUAA Capital psc reported accumulated losses of AED 932 million for Q1 2025, with an accumulated losses to capital ratio of 25.47%. The losses are primarily due to fair value losses from impairments of investments, goodwill, and receivable write-offs related to investments in the UK, as well as impairments and write-offs associated with legacy real estate assets. Additional losses stem from valuation adjustments of an associate's underlying asset, the recognition of a deferred tax liability due to new corporate tax laws in the UAE, and receivable write-offs following a revision of land valuation in the UAE. The company also experienced fair value losses from investments in public market securities and managed investments. To address these losses, SHUAA Capital is developing a 5-year plan aimed at business growth and value creation. This includes launching new investment funds, reactivating their investment banking platform, and implementing a lean operating structure to improve cost efficiencies.
SHUAA Capital reported a net profit of AED 196 million for the first quarter of 2025, marking a significant turnaround from a net loss of AED 161 million in the previous quarter. This improvement is attributed to the successful execution of a capital optimization strategy, which included reducing debt by over 60%. The company also achieved a 46% revenue growth, with contributions from all business segments. SHUAA's leadership expressed confidence in the company's future growth and its ability to deliver sustainable value to shareholders. Key financial metrics showed improvements in revenue, net operating income, and cost-income ratio compared to the previous quarter.
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 its main office located at The H Hotel, Office Tower, 15th Floor, Office No. 1502, Dubai, UAE. The company can be contacted via phone at +971 (4) 330 3600 or fax at +971 (4) 330 3550. On May 16, 2025, Shuaa Capital's Board of Directors approved, by circulation, the adoption of the company's consolidated and audited financial statements for the period ending March 31, 2025. The notification was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market. The announcement was signed by Islam Mahrous, the Chief Compliance Officer.