Company Insights SHUAA Capital Banking & Finance SHUAA Capital Overview SHUAA Capital was established in the UAE in 1979 as the Arabian General Investment Corporation (Agico) by decree. Agico initially pooled capital from regional chambers of commerce and invested it across the region. The company was listed on the Kuwait Stock Exchange in 1984, and then in 2000 it listed on the Dubai Financial Market. In 2001 Agico changed its name to SHUAA Capital – SHUAA being the Arabic acronym for Arabian General Investment Corporation. Between 2003 and 07, SHUAA was involved in various IPOs for regional companies including Arabtec, Petrofac, Air Arabia, Deyaar and DP World. In 2010 SHUAA began restructuring, closing its retail brokerage division and non-core investments. It also closed some regional branch offices and refocused its research department for institutional clients. SHUAA offers asset management services and investment banking for institutional clients in Mena. It also has a real estate division and it reported a gross development value of $3 billion in 2023. SHUAA Capital merged with Abu Dhabi Financial Group in 2019. Subsidiaries include the Abu Dhabi Finance Group and the Gulf Finance Corporation. SHUAA Capital News Health Waha Capital to expand UAE health business Abu Dhabi’s Waha Capital, a listed company with $3.2 billion of assets under management, plans to expand its healthcare business in the UAE, and could make acquisitions to do so. The company aims to tap demand from the emirates’ expanding population and visitors from India, its chief financial officer said. Waha is part-owned by Abu […] February 19, 2025 Banking & Finance Shuaa Capital reaches final phase of restructuring plan Dubai-listed investment bank Shuaa Capital has reached the final phase of its restructuring plan with the approval of two mandatory convertible bond tranches of up to AED425.5 million ($115.85 million). The first tranche, valued at up to AED150 million, will be offered to existing shareholders through a private placement, with mandatory conversion into shares at […] December 30, 2024 Finance Dubai’s Shuaa Capital shares plunge to all-time low Shares in Dubai’s Shuaa Capital plunged to a record low on Tuesday after the indebted investment bank said it would launch a rights issue to increase its capital as part of attempts to bolster its finances. Shuaa’s stock was trading at AED 0.271 at 12:53 UAE time (09:53 GMT), down the maximum 10 percent. The […] October 10, 2023 Real Estate Shuaa sells Business Bay plot to Danube for $52m UAE-based asset manager and investment bank Shuaa Capital has sold a plot of land in Dubai’s Business Bay master development to Danube Properties, a local real estate developer, for AED190 million ($51.73 million). The transaction is part of the investment bank’s ongoing strategy to consolidate its asset portfolio. Danube Properties launched six projects worth AED3.42 […] July 6, 2023 Banking & Finance Gulf IPO market could ride out global jitters with state offerings A wave of initial public offerings in Abu Dhabi shows little sign of abating, despite global market jitters and rising interest rates as investors bet on the emirate’s part-privatisation drive. While Saudi Arabia and Dubai’s bourses have also offered a flurry of new listings over the past 18 months, it’s the UAE capital that is […] April 11, 2023 Real Estate Northacre sees ‘pent-up demand’ for London from GCC investors The Dubai-owned developer behind plans to transform the former Metropolitan Police HQ in London says it is seeing “lots of pent-up demand” from GCC-based investors. Walid El-Hindi, group CEO of Northacre, a subsidiary of Dubai-based Shuaa Capital, told AGBI that London remains a “safe haven” for buyers from the Gulf and wider Middle East region. […] August 24, 2022 Analysis Real Estate Gulf home buyers eye Battersea Power Station in London Gulf investors are snapping up London properties beyond the traditional smart neighbourhoods such as Chelsea and Kensington, north of the river Thames. With a weak pound offering great purchasing power for Gulf currencies and an upcoming visa liberalisation for GCC countries with Britain, MENA-based property investors are flocking to England’s capital. And Arab buyers have […] July 11, 2022 Analysis A UK recession may spook Arab investors – or present an opening The economic outlook for the UK has grown progressively bleaker over recent months. After contracting 0.1 percent in March, Britain’s economy shrank by a further 0.3 percent in April, marking the first back-to-back declines since the onset of the global pandemic in March 2020. Last week the pound plunged to its lowest level against the dollar […] June 23, 2022 Exclusive Banking & Finance High-growth firms set to fly with $250m “venture debt” boost Natasha Hannoun, head of debt at SHUAA Capital, tells AGBI why the investor’s alternative capital solution is a game changer for the region’s startup ecosystem Fintech is the number one target for SHUAA Venture Partners, a new $250 million (AED 918 million) Shari’ah fund, focused on venture debt investments. Other sectors being eyed include healthtech […] May 9, 2022 Posts navigation
Health Waha Capital to expand UAE health business Abu Dhabi’s Waha Capital, a listed company with $3.2 billion of assets under management, plans to expand its healthcare business in the UAE, and could make acquisitions to do so. The company aims to tap demand from the emirates’ expanding population and visitors from India, its chief financial officer said. Waha is part-owned by Abu […] February 19, 2025
Banking & Finance Shuaa Capital reaches final phase of restructuring plan Dubai-listed investment bank Shuaa Capital has reached the final phase of its restructuring plan with the approval of two mandatory convertible bond tranches of up to AED425.5 million ($115.85 million). The first tranche, valued at up to AED150 million, will be offered to existing shareholders through a private placement, with mandatory conversion into shares at […] December 30, 2024
Finance Dubai’s Shuaa Capital shares plunge to all-time low Shares in Dubai’s Shuaa Capital plunged to a record low on Tuesday after the indebted investment bank said it would launch a rights issue to increase its capital as part of attempts to bolster its finances. Shuaa’s stock was trading at AED 0.271 at 12:53 UAE time (09:53 GMT), down the maximum 10 percent. The […] October 10, 2023
Real Estate Shuaa sells Business Bay plot to Danube for $52m UAE-based asset manager and investment bank Shuaa Capital has sold a plot of land in Dubai’s Business Bay master development to Danube Properties, a local real estate developer, for AED190 million ($51.73 million). The transaction is part of the investment bank’s ongoing strategy to consolidate its asset portfolio. Danube Properties launched six projects worth AED3.42 […] July 6, 2023
Banking & Finance Gulf IPO market could ride out global jitters with state offerings A wave of initial public offerings in Abu Dhabi shows little sign of abating, despite global market jitters and rising interest rates as investors bet on the emirate’s part-privatisation drive. While Saudi Arabia and Dubai’s bourses have also offered a flurry of new listings over the past 18 months, it’s the UAE capital that is […] April 11, 2023
Real Estate Northacre sees ‘pent-up demand’ for London from GCC investors The Dubai-owned developer behind plans to transform the former Metropolitan Police HQ in London says it is seeing “lots of pent-up demand” from GCC-based investors. Walid El-Hindi, group CEO of Northacre, a subsidiary of Dubai-based Shuaa Capital, told AGBI that London remains a “safe haven” for buyers from the Gulf and wider Middle East region. […] August 24, 2022
Analysis Real Estate Gulf home buyers eye Battersea Power Station in London Gulf investors are snapping up London properties beyond the traditional smart neighbourhoods such as Chelsea and Kensington, north of the river Thames. With a weak pound offering great purchasing power for Gulf currencies and an upcoming visa liberalisation for GCC countries with Britain, MENA-based property investors are flocking to England’s capital. And Arab buyers have […] July 11, 2022
Analysis A UK recession may spook Arab investors – or present an opening The economic outlook for the UK has grown progressively bleaker over recent months. After contracting 0.1 percent in March, Britain’s economy shrank by a further 0.3 percent in April, marking the first back-to-back declines since the onset of the global pandemic in March 2020. Last week the pound plunged to its lowest level against the dollar […] June 23, 2022
Exclusive Banking & Finance High-growth firms set to fly with $250m “venture debt” boost Natasha Hannoun, head of debt at SHUAA Capital, tells AGBI why the investor’s alternative capital solution is a game changer for the region’s startup ecosystem Fintech is the number one target for SHUAA Venture Partners, a new $250 million (AED 918 million) Shari’ah fund, focused on venture debt investments. Other sectors being eyed include healthtech […] May 9, 2022
