PRIVATE MARKETS

An active private equity investor in the Middle East

Introduction

SHUAA’s private market investment focus is primarily growth capital and unlocking value by identifying companies seeking to enhance their performance either organically or through bolt-on acquisitions where synergies exist across the platform.

SHUAA is an active private equity investor in the Middle East with expertise in various industries including financial services, real estate, hospitality and energy, as well as a successful track record of partnering with management, enabling successful turnarounds and growing the companies.

SHUAA provides patient capital and operating support to management, with a focus on growing core businesses and making transformative acquisitions to support long-term strategies.

Below is a select list of investments under our private markets segment

Growth / Value Investment Approach

Special Situations Investment Focus

Patient Capital

Multi-Sector Expertise

Active Investments

Anghami

Anghami is the leading music streaming service in the MENA region. SHUAA’s initial investment in early 2021 was part of the latest funding round which saw participation from SHUAA’s managed funds and co-investors.

Subsequently, SHUAA was the lead advisor on Anghami’s merger with VMAC and the PIPE which totaled USD 40 million.

Stanford Marine Group

Stanford Marine Group (SMG) is a Dubai based company catering to the offshore oil & gas sector in the GCC, Africa and SEA region for over 20 years; the company primarily focuses on chartering, building and repairing Offshore Support Vessels.

SHUAA acquired a majority stake in SMG in a liquidation scenario from Abraaj’s legacy investment portfolio and co-investor.

SHUAA recently successfully restructured SMG’s balance sheet through a debt buyout deal and also restructured its investment into a fund structure.

Grandweld

Grandweld is a fully integrated shipyard providing shipbuilding, ship repair, and engineering solutions to serve the offshore and marine industry around the world.

Established in 1984, Grandweldhas developed as one of the region’s most established and versatile shipyards, providing both quality and value.

NCM Investment

NCM Investment is primarily a trading and CFD platform with operations across Kuwait, Turkey, Jordan and the UAE.

It is a subsidiary of Amwal Investment, a Boursa Kuwait listed entity, of which SHUAA is a majority shareholder.

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Qannas Investments Limited

Qannas Investments Limited (QIL) is a closed-ended fund which invests primarily in public equities, debt and pre-IPO financing.

Previously listed on the LSE’s AIM, the fund has a value investing approach with a focus on the GCC region.

Best practice and differentiated strategies throughout investment and divestment cycle

Robust Investment Process

Deal Flow

Deal Access

Through Proprietary Network

Deal Review

Investment & Risk Assessment

Deal Execution

Underwriting & Balance Sheet

Management & Value Creation

Exit

Investment Strategy

Geography

MENA
GCC

Sectors

Technology
Shipping
Insurance
Infrastructure
Financial Services
Real Estate

Investment Types

Controlling stakes or minority with substantial influence
Special situations

Portfolio Company Management

Investment & Post- Acquisition Team

Independent Directors

Board of Directors

Specialist & Partner Firms

Value Creation

Organic Growth

Add-on Acquisitions

Balance Sheet & Cost Optimization

Cash Generation

Exit Process

Effective Process

Competitive sale processes
Extensive preparation to maximize value and proceeds

Opportune Timing

Decision-making based on projected residual values
Consideration of risk factors
Not bound by arbitrary fund timelines</li

Alignment of Interests

All parties are incentivized to maximize exit value