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SHUAA Capital has announced the settlement of AED 500 million ($136 million) in margin facilities with UAE banks.
The margin facilities - loan facilities provided to leverage investments, typically used for public equities – are associated with an Abu Dhabi-domiciled fund managed by SHUAA’s subsidiary SHUAA GMC.
The settlement follows the investment bank and asset manager recently reaching agreement with noteholders of its $150 million bond following negotiations.
(Reporting by Imogen Lillywhite; editing by Seban Scaria)
