#Dubai's Shuaa seeks to double assets to $10bn in next five years

Dubai's Shuaa seeks to double assets to $10bn in next five years

Shuaa Capital, an investment banking and asset management company, aims to double its assets under management to $10 billion in the next five years and is evaluating several investment deals across the broader GCC, its chief executive has said.

The company is looking at potential investment opportunities, particularly in Saudi Arabia and the UAE, the Arab world’s two largest economies, including deals in the real estate and hospitality sectors, Fawad Khan told The National in an interview.

The Dubai listed-investment manager is also looking at divestment options, including public listings, as well as partial exits through strategic investors, for its portfolio companies as it continues to evolve and reshape its asset base.

“We have a target when we look at our assets under management (AUMs) of building them back in the next five years to about 10 billion,” Mr Khan said.

“Significant growth” will come from the company’s assets managed under its umbrella of Incorporated Cell Company (ICC) fund structure, he said.