Sunday 9 January 2011

Dubai's Shuaa Capital seeks opportunities to sell assets - Banking & Finance - ArabianBusiness.com

Shuaa Capital, which has AED833m ($226.8m) in its investment portfolio, is seeking opportunities to sell assets, chief executive officer Sameer Al Ansari said in Dubai on Sunday.

Shuaa private equity fund plans to announce additional real estate transaction in Riyadh in due course, he said.

Al Ansari also said the company was not asked to sell assets to help its controlling shareholder Dubai Banking Group, which is restructuring debt.

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