SHUAA Capital PSC

Logotype for SHUAA Capital PSC
Ticker/ISIN
SHUAA
AES000101015
Market/Country
Dubai Financial Market
United Arab Emirates

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

Shuaa Capital P.S.C., a licensed financial investment company regulated by the Securities and Commodities Authority, is inviting its shareholders to attend the company's general assembly meeting. The meeting is scheduled for 3 PM on Monday, February 3, 2025, at the company's headquarters on the 32nd floor of Al Khatem Tower, Al Maryah Island, Abu Dhabi. Shareholders can also participate electronically. The agenda includes a special resolution to approve the issuance of convertible bonds totaling AED 150,000,000. These bonds are to be issued to professional investors and counterparties as per relevant regulations.
Press contacts for SHUAA Capital psc include Adnan Nur, the Finance Director. He can be reached 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, based in Dubai, UAE, has announced the resignation of board member Mr. Ahmed Abdel Hamid Saeed Al Ahmadi, effective December 30, 2024. His resignation follows the completion of his significant role in improving the company's capital structure during this critical phase. The notice was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market, and was signed by Islam Mahrous, the Chief Compliance Officer.
Shuaa Capital PSC, an investment company regulated by the Securities and Commodities Authority, held a Board of Directors meeting on December 27, 2024. During the meeting, the board approved the issuance of two tranches of convertible bonds. The first tranche involves issuing bonds up to a maximum value of 150 million AED, convertible into company shares at a rate of 0.32 AED per share, subject to regulatory and shareholder approvals. The second tranche involves issuing bonds up to a maximum value of 275.5 million AED, also convertible into company shares, pending necessary approvals.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has scheduled a Board of Directors meeting on Friday, December 27, 2024, at 11:00 AM. The agenda includes discussing the final terms for two convertible bond issues, subject to necessary regulatory approvals; considering convening a general assembly meeting of the company's shareholders to approve the convertible bond issuance, also subject to regulatory approvals; and discussing other company-related matters. The notice is addressed to Mr. Hamid Ahmed Ali, CEO of Dubai Financial Market.
Shuaa Capital PSC, an investment company licensed and regulated by the Securities and Commodities Authority, has announced that its Board of Directors approved an agreement with the company's main creditor. This agreement involves restructuring a loan of 208 million dirhams, including a temporary 12-month exemption from principal repayments, followed by adjustments and extensions to the existing loan and its associated principal repayments. More details can be found in the press release on the Dubai Financial Market's website.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, is headquartered in Dubai, United Arab Emirates. The company plans to hold a board meeting on December 20, 2024, to make decisions by circulation regarding two main items: approval of a waiver agreement with the main creditor and discussion of other matters related to the company's operations. The communication is addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.
SHUAA Capital has reached an amicable settlement with a key creditor, marking a significant step in its capital optimization efforts. The company plans to finalize additional agreements soon, in preparation for issuing mandatory convertible bonds as part of its transformation strategy. SHUAA Capital values the support of its stakeholders and is committed to transparent communication to enhance long-term value creation.

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News Update From SHUAA Capital PSC

Disclosure: Result of BOD meeting

Shuaa Capital PSC, a licensed financial investment company, held a board meeting where several decisions were made. These include the approval of the company's consolidated financial statements for the period ending September 30, 2023, and the termination of appointment of Al Ramz Capital LLC as the liquidity provider for Shuaa's shares in the Dubai Financial Market effective from the day of the meeting. Other matters related to the company's operations were also discussed. The company's headquarters is located at "The H" Hotel, Office Tower, 15th floor, Office No. 1502, Dubai, United Arab Emirates.

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News Update From SHUAA Capital PSC

Disclosure: BOD meeting

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News Update From SHUAA Capital PSC

Disclosure: Resignation of BOD member

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News Update From SHUAA Capital PSC

Disclosure: Notification from the company

SHUAA Capital p.s.c., a financial investment company based in Dubai, has issued an apology to its shareholders for the delay in publishing its financial statements for the period ending September 30, 2023. The company clarified that the financials were ready for publication since November 14, 2023, but the delay was due to the pending receipt of certain financial confirmations. The company's board has reaffirmed its commitment to disclose the financial results within a few days.

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News Update From SHUAA Capital PSC

Disclosure: Press release

SHUAA Capital has appointed Wafik Ben Mansour as Acting CEO. Ben Mansour, who was previously a Managing Director at Credit Suisse for 15 years, joined SHUAA in May 2023, and will now lead the next phase of the company's capital optimisation process. This strategic leadership transition comes as the company seeks to create a growth platform and capitalise on market opportunities in the UAE and wider region. The former CEO, Fawad Tariq Khan, has stepped down for personal reasons after over a decade with the company.

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News Update From SHUAA Capital PSC

Disclosure: Results of Board Decisions by Passing

SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, has announced the appointment of Mr. Wafiq Ben Mansour as the Acting CEO. The decision was made by the board of directors and communicated to the Dubai Financial Market. The company's head office is located in The H Hotel Dubai, Office Tower, Level 15, Office No. 1502.

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News Update From SHUAA Capital PSC

Disclosure: Notification from the company

SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, has announced the resignation of its Chief Executive Officer, Mr. Fawad Tariq Khan. Khan's resignation, due to personal reasons, was effective as of yesterday. He will serve a notice period of three months, during which he will assist in ensuring the smooth continuity of business activities. The announcement was made by Bachir Nawar, the company's Chief Legal and Compliance Officer.

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News Update From SHUAA Capital PSC

Disclosure: Board Decisions by Passing

SHUAA Capital p.s.c., a financial investment company based in Dubai, is licensed and regulated by the U.A.E. Securities and Commodities Authority. The company has announced that its Board of Directors will pass a resolution on November 20, 2023, to appoint Mr. Wafik Ben Mansour as the Acting CEO. He will succeed Mr. Fawad Tariq Khan, who resigned from the position.

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News Update From SHUAA Capital PSC

Disclosure: Results of BOD meeting

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News Update From SHUAA Capital PSC

Disclosure: Earnings Call

Shuaa Capital PSC, a licensed financial investment company, has scheduled a teleconference to discuss its financial results for the third quarter of 2023. The teleconference will take place on 14th November 2023 at 3 PM. Interested parties can pre-register for the conference through a provided link. After registration, an invitation with attendance details will be sent via email. A summary of the discussed points will be provided after the conference. The company is located in Dubai, UAE, and regulated by the Securities and Commodities Authority under license number 630307.

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