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Thursday, 13 April 2017

Dubai's Shuaa moving HQ to Abu Dhabi -sources | Reuters

Dubai's Shuaa moving HQ to Abu Dhabi -sources | Reuters:

"Dubai-listed investment bank Shuaa Capital plans to move its headquarters to Abu Dhabi, sources told Reuters on Thursday.

Shuaa, which has been based in the Emirates Towers for more than 10 years, is set to move to Abu Dhabi Global Market (ADGM), according to two sources familiar with the matter who spoke on condition of anonymity as the matter is not public.

The move comes as Shuaa Capital's major shareholder Abu Dhabi Financial Group (ADFG) seeks to reduce costs for the investment bank, consolidate the bank with its affiliates, and win mandates in Abu Dhabi, the sources said.

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