UPDATE 1-Abu Dhabi's ADFG, Al Mal Capital and Arqaam among Shuaa Capital bidders -sources | Reuters:
"Abu Dhabi Financial Group, Al Mal Capital and Arqaam Capital are among the bidders for Dubai Group's 48.4 percent stake in Shuaa Capital, sources familiar with the matter told Reuters.
Dubai Group, a unit of Dubai Holding, the investment vehicle of the emirate's ruler, is in the process of selling its holding in Dubai investment bank Shuaa to raise funds to meet repayments under its $10 billion debt restructuring.
Alternative investment firm Abu Dhabi Financial Group, which bought First Gulf Bank's brokerage arm in 2014, has placed a bid for Shuaa, an Abu Dhabi-based banker and a Dubai banker said."
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