SHUAA Capital Reaches a Settlement Agreement with a key creditor

United Arab Emirates, 12 December 2024: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, has announced that it has reached an amicable agreement with one of its main creditors. The agreement represents a significant milestone in its ongoing capital optimisation initiative.

SHUAA Capital continues to address the liability profile of the business, and expects additional key agreements during the month, ahead of the planned issuance of mandatory convertible bonds, a final step in achieving its
transformation objectives.

SHUAA Capital appreciates the continued trust and support of its stakeholders and remains committed to transparent communication as it advances its strategic initiatives to drive long-term value creation.