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)