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Monday, 13 February 2017

Abu Dhabi owners chart new course at Shuaa Capital | The National

Abu Dhabi owners chart new course at Shuaa Capital | The National:

"The new Abu Dhabi-based owners of Shuaa Capital said their strategy to breathe life into the struggling Dubai investment bank would focus on growing assets under its management, leveraging its balance sheet and increasing its business in Saudi Arabia and Egypt. Jassim Alseddiqi, the chairman of Shuaa Capital, said he expected the investment bank’s assets under management to increase to Dh5 billion by end of this year and Dh9bn by 2020 as a result of the new strategy. Shuaa’s current assets under management stand at Dh1.8bn, he said. Mr Alseddiqi is also the managing director and chief executive of the Abu Dhabi Financial Group (ADFG), the majority shareholder of Shuaa Capital."



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