SHUAA Capital Settles Over Dh500 Million in Financial Arrangements with UAE Banks

UAE, 2 May, 2024 : SHUAA Capital, a leading asset management and investment banking platform, has successfully settled over Dh500 million in margin facilities with several UAE banks. These facilities are linked to a Fund domiciled in ADGM and managed by a SHUAA subsidiary.

The full settlement of multiple margin facilities follows the recent agreement with noteholders regarding the outstanding $150 million bond.

Wafik Ben Mansour, Acting CEO of SHUAA, emphasized the achievement as a testament to their commitment to prudent risk management and unbiased investment decision-making. He credited the accomplishment to their exceptional team and the continuous support and trust of partners, investors, clients, and regulatory authorities.

Looking forward, SHUAA intends to maintain robust risk management practices, optimize portfolios with prudent leverage usage, and rebuild its reputation as a reliable financial partner.

Source : www.gulfnews.com