SHUAA Capital Marks Strategic Milestone By Reducing Over Dh500 Million In Debt

SHUAA Capital psc (DFM: SHUAA), a premier asset management and investment banking platform in the region, has announced the successful settlement of over Dh500 million in margin facilities with several UAE banks. This substantial financial maneuver involves a fund domiciled in the Abu Dhabi Global Market (ADGM) and managed by SHUAA GMC Limited (SHUAA GMC), a wholly-owned, FSRA-regulated subsidiary of SHUAA. This recent accomplishment follows closely on the heels of an agreement with noteholders concerning an outstanding $150 million bond, highlighting SHUAA's commitment to a renewed investment strategy focused on prudent financial management and moderate debt levels.

The resolution of these margin facilities marks a significant step for SHUAA, underscoring its dedication to safeguarding stakeholder interests through careful asset management based on solid fundamental analysis. Wafik Ben Mansour, Acting CEO of SHUAA, expressed that this success showcases the firm's dedication to prudent risk management and an unbiased approach to investment decision-making. He attributed this achievement to the dedication of SHUAA's team and the ongoing support from partners, investors, clients, and regulatory authorities.

"Our achievement in settling significant margin facilities is a testament to our unwavering commitment to prudent risk management and an unbiased investment decision-making process," said Wafik Ben Mansour. He further emphasized the importance of maintaining robust risk management practices, an optimal portfolio with prudent use of leverage, and the goal of reestablishing SHUAA's reputation as a trusted financial partner.

This development is a clear indication of SHUAA's strategic pivot towards fiscal responsibility and a conservative debt strategy. It not only reflects the firm's solid financial footing but also its ability to navigate complex financial agreements to the benefit of its stakeholders. Through such actions, SHUAA Capital reinforces its position as a leader in the financial services industry, committed to delivering value and stability in an ever-evolving market landscape.