SUC logo
SUC logo

Industry Update

Dubai-based Shuaa Capital has revealed a net profit of AED47 million ($12.8m) in its annual results. The company, which was created by the merger of Shuaa Capital and Abu Dhabi Financial Group (ADFG) last year, held its first general meeting virtually where it reported an EBITDA of AED186m ($50.6m), including merger costs. Jassim Alseddiqi, chief executive officer of Shuaa Capital, said: “Shuaa’s management team is committed to continuing to deliver on the synergies and sustainable value arising from the merger with ADFG.

Source: https://www.arabianbusiness.com/banking-finance/445264-dubais-shuaa-capital-announces-128m-annual-net-profit

Please enter your namePlease enter your valid emailPlease enter your phone
Powered by
Thanks for giving us your feedback.
Dark mode