Shuaa Capital completes merger with ADFG
Dubai: following final regulatory approvals on the transaction with Abu Dhabi Financial Group (ADFG), Shuaa Capital is pleased to announce the completion of the merger with ADFG and the raising of its Authorized Capital from Dhs1,065,000,000 to Dhs2,535,720,000. This comes following the admission of 1,470,720,000 new shares on the Dubai Financial Market in favour of ADFG’S parent company and strategic investor in Shuaa, Abu Dhabi Capital Management.
As a demonstration of the strategic investor’s commitment to the transaction, the new Shuaa shares will be subject to a 12-month lock-up period from the date of admission.
ADFG is a leading global investment group that provides, through its regulated subsidiaries, a wide range of investment opportunities and financial services. The Group’s diversified investor base includes corporations, financial institutions, sovereign wealth funds and family offices. The company pursues a strategy of opportunistic investments across a variety of sectors and geographies.
ADFG was established in 2011 and has since evolved to become a major player in the region, delivering attractive returns to its clients. Today, ADFG has assets under management of $11.5 billion. The Group has received widespread acclaim for its strong track record and pioneering approach to investing.
Established in 1979, and oten considered to be the most recognised financial advisory and investment firm in the Middle East, Shuaa is an integrated financial services firm headquartered in the United Arab Emirates.