SHUAA Achieves Significant Milestone with Substantial De-leveraging of a Managed Fund

United Arab Emirates, 1 May 2024: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announces the successful settlement of over AED 500 million in margin facilities with multiple UAE banks. The margin facilities are associated with a Fund domiciled in Abu Dhabi Global Market (“ADGM”) and managed by SHUAA GMC Limited (“SHUAA GMC”), the wholly-owned FSRA-regulated subsidiary of SHUAA.

The full settlement of several margin facilities follows the recently announced agreement with noteholders on the outstanding $150m bond and is a testament to SHUAA’s refreshed investment philosophy which emphasizes fiscally prudent financial policies alongside modest levels of debt. The market should view this material milestone as SHUAA’s renewed commitment to continuously safeguard stakeholders’ interests while adopting an approach to asset management based firmly upon fundamental analysis.

“Our achievement in settling significant margin facilities is a testament to our unwavering commitment to prudent risk management and an unbiased investment decision-making process,” said Wafik Ben Mansour, Acting CEO of SHUAA. “This achievement would not have been possible without our excellent team and the continued support and trust of our valued partners, investors, clients, and regulatory authorities. Looking ahead, we look to remain steadfast in maintaining robust risk management practices, an optimal portfolio with prudent use of leverage, and reestablishing our reputation as a trusted financial partner”.