SHUAA Capital Finalizes Agreement with Senior Creditor

United Arab Emirates, 20 December 2024: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the MENA region, has successfully concluded an agreement with its senior creditor, restructuring AED 208 million in outstanding facilities, marking a major milestone in the company’s financial restructuring journey.

The AED 208 million facility amendment, agreed with its senior creditor, introduces a 12-month temporary waiver period of the principal installments amount, to be followed by an amendment and extension of the existing loan and associated principal instalments, with prepayments linked to specific triggers. This arrangement provides SHUAA with greater flexibility to optimize its operations and focus on sustainable growth.

This successful debt resolution fortifies SHUAA’s balance sheet and strengthens its liquidity profile, paving the way for greater operational flexibility. The restructuring agreement is fully aligned with SHUAA’s growth objectives to create value for its shareholders.

Wafik Ben Mansour, CEO of SHUAA Capital, commented on the milestone, stating: ” With this agreement, we have completed the debt restructuring with our senior creditor, having addressed over AED 1.2 billion in liabilities since the beginning of the year. This accomplishment lays a solid foundation that will further bolster our balance sheet and enable us to seize the significant growth opportunities ahead.”

The finalization of this agreement represents a key step in SHUAA’s strategy, underscoring its dedication to delivering sustainable growth as part of its objective to revitalize its leadership across MENA financial markets.