Press Releases – Page 3

SHUAA ICC funds outperform global benchmarks in 2022; assets under management on Shariah-compliant platform grow by 210% to more than USD 230 million

View (English) View (Arabic) SHUAA GMC also plans to launch a fund in Q1 2023 with a focus on Saudi Arabia and GCC Looking to launch a dedicated Shariah-compliant money market fund in Q2 2023 Expansion of the ICC fund...

6 February 2023

Press Releases

SHUAA and Northacre announce successful completion of prestigious real estate portfolio management

View (English) View (Arabic) 5 Year mandate contributed to the growth of multi-billion-pound portfolio in Prime Central London Northacre to leverage experience, expertise and track record as part of its growth expansion SHUAA Capital psc (DFM: SHUAA), the region’s leading...

25 January 2023

Venture debt funding in MENA crosses USD 260 million across 18 deals in 2022

Press Releases

Venture debt funding in MENA crosses USD 260 million across 18 deals in 2022

View (English) View (Arabic) The number of venture debt deals almost doubled between 2021 and 2022 as the ecosystem started regaining momentum following the pandemic The UAE was the most funded market through venture debt, accounting for half of total...

24 January 2023

SHUAA launches three new Sharia-compliant funds; brings assets under management on Shariah-compliant platform to more than USD 200 million

Press Releases

SHUAA launches three new Sharia-compliant funds; brings assets under management on Shariah-compliant platform to more than USD 200 million

View (English) View (Arabic) The new open-ended funds under the ICC funds umbrella will offer Shariah-compliant access to global and regional sukuk and equities markets With the launch of new funds, the ICC umbrella now offers five sharia-compliant funds to...

13 December 2022

Ellington Properties, SHUAA Capital and Sol Properties partner to develop prime waterfront property on Palm Jumeirah

Press Releases

Ellington Properties, SHUAA Capital and Sol Properties partner to develop prime waterfront property on Palm Jumeirah

View (English) View (Arabic) The partnership signifies Ellington Properties’ continued expansion as a boutique property developer. The partnership reflects SHUAA’s ongoing successful investment strategy in the real estate market and marks the arrival of London-based real estate firm Northacre in...

17 November 2022

Press Releases

SHUAA Capital delivers AED 20 million net profit in Q3 2022 driven by strong recurring revenues

View (English) View (Arabic) Net profit attributable to shareholders of AED 20 million in Q3 2022 compared to a net loss of AED 170 million in Q2 2022 underpinned by strong revenues. Third quarter net operating income (excluding one-off items)...

11 November 2022

Press Releases

Northacre Properties landmark scheme in Central London, The Broadway, reaches completion

View (English) View (Arabic) Northacre Properties, the leading super-prime property developer, a subsidiary of SHUAA Capital, announces project completion for their landmark London scheme The Broadway in the heart of Westminster, SW1. The destination is set to become the wellness...

18 August 2022

Press Releases

SHUAA Capital reports financial results for Q2 2022

View (English) View (Arabic) Second quarter net operating income of AED 6 million compared to AED 24 million in Q1 2022* mainly due to lower trading revenues Net loss attributable to shareholders of AED 170 million in Q2 2022 compared...

11 August 2022

Press Releases

SHUAA announces Northacre’s global expansion with sustainability and wellbeing at its core

View (English) View (Arabic) As part of Northacre’s global expansion, SHUAA Capital is consolidating its real estate investment management, real estate asset management and real estate development businesses into a separate new entity With a global outlook, Northacre’s core values...

4 July 2022

Press Releases

SHUAA backed Northacre collaborates with St. Regis for No. 1 Palace Street, The St. Regis Residences London

View (English) View (Arabic) SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, today announced that its subsidiary Northacre has joined forces with the globally renowned St. Regis hotel brand at No 1...

22 June 2022

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