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Sunday, 12 March 2017

Shuaa Capital to acquire two financial services firms from major shareholder | The National

Shuaa Capital to acquire two financial services firms from major shareholder | The National:

"Shuaa Capital is to acquire two financial services firms from Integrated Financial Group, a unit of Abu Dhabi Financial Group (ADFG). The sale of Integrated Capital and Integrated Securities, represents a move to bolster Shuaa’s financial services portfolio by ADFG, its major shareholder. ADFG acquired a 48.3 per cent stake in the Dubai-based investment bank in 2016. Dubai-listed Shuaa said that the transaction remains subject to regulatory approval, but is expected to close in the coming weeks. The financial aspects of the deal were not disclosed."



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