Dubai – Mubasher: Shuaa Capital is working on a number of deals, including acting as lead arranger on AED 125 million Sukuk for Gulf Navigation Holding (GNH) through a private placement.

“SHUAA’s management team is committed to continuing to deliver on the synergies and sustainable value arising from the merger with [Abu Dhabi Financial Group (ADFG)],” Shuaa’s CEO, Jassim Alseddiqi, said in a statement on Sunday.

This came during Shuaa’s first ordinary general meeting (OGM) virtually held on Wednesday, 15 April.

In 2019, the company logged AED 186 million in earnings before interest, taxes, depreciation, and amortisation (EBITDA), including merger costs, and AED 47 million in net profits to shareholders.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.