Press Releases – Page 4

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

Press Releases

Jassim Alseddiqi takes on SHUAA board position as Managing Director; Fawad Tariq Khan appointed CEO

View (English) View (Arabic) The Board of Directors of SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, today announced that Jassim Alseddiqi has taken on a Board position within the Group as...

15 June 2022

SHUAA completes the LBO of Allianz Marine and Logistics Services with USD 160 million SOFR-based acquisition finance facility from NBF and APICORP

Press Releases

SHUAA completes the LBO of Allianz Marine and Logistics Services with USD 160 million SOFR-based acquisition finance facility from NBF and APICORP

View (English) View (Arabic) SHUAA secures a seven-year SOFR-based LBO facility from NBF and APICORP Transaction includes a 7-year interest rate swap (“IRS”) with NBF to hedge rate exposure This transaction underscores financiers’ confidence in the regional offshore support vessels...

14 June 2022

Press Releases

SHUAA Capital reports strong underlying profitability for first quarter 2022

View (English) View (Arabic) First quarter profit of AED 6 million post accelerated write-down of intangible assets of AED 31 million Excluding the above effect, net profit would have been AED 37 million and EBITDA of AED 83 million, achieving...

12 May 2022

Press Releases

SHUAA Creates Largest Portfolio of Marine Offshore Supply Vessels in the Region Through Mergers and Acquisitions

View (English) View (Arabic) Second investment in OSV space following the acquisition of Stanford Marine Group in 2020 The acquisition will create the largest OSV portfolio in the region and the fourth largest fleet in the world. Strategic investment will...

30 March 2022

Press Releases

SHUAA Capital reports strong full year 2021 results reflecting strong core business performance

View (English) View (Arabic) Strong growth in core revenues driven by stable recurring revenues and gains within managed funds with AED 317 million net cash generated from operating activities Full year profit of AED 24 million impacted by net one-off...

29 March 2022

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