Shuaa steps up support to address frozen credit markets

DUBAI: Shuaacapitalhasannouncedthestrengthening of its specialised corporate restructuring service, to support reenergising the business sector.

Specially created to address the frozen credit markets resulting in liquidity issues and potential insolvency concerns faced by many businesses that have been impacted by the COVID-19 crisis, the SHUAA corporate restructuring solutions open doors for businesses to new credit lines, enabling them to overcome their business challenges.

In a swift response to the market condition, Shuaa has also strengthened its advisory services for corporates to execute capital raising through diverse instruments such as mezzanine/sub-ordinated debt, Term Loan B (TLBS), fixed income, convertibles, and preferred equity, among others. Shuaa’s support for the business community, including large corporates and small & medium enterprises, builds on its 40-year heritageandexpertise,havingsupportedcompanies through several challenging economic cycles in the past. In the past few years, the firm has structured and invested over $4b of debt deals including almost US$1 billion of high yield / alternative debt transactions.

Jassimalseddiqi,chiefexecutiveofficerofshuaa Capital said: “The COVID-19 pandemic has had a significant impact on businesses, freezing their credit lines, and pushing several to insolvency. The UAE has been among the first nations to announce a financial stimuluspackagetosupportthebusinesscommunity and to direct them back to healthy fundamentals. As a company committed to creating value for our stakeholders, we understand that businesses need access to both revenue and liquidity, especially as we prepare for the post COVID-19 world.”