SHUAA Capital settles over Dh500 million in margin facilities with multiple UAE banks
Margin facilities are associated with a Fund domiciled in ADGM and managed by unit
Dubai: Asset management and investment banking platform SHUAA Capital successfully settled over Dh500 million in margin facilities with multiple UAE banks. The margin facilities are associated with a Fund domiciled in ADGM and managed by the subsidiary of SHUAA.
The full settlement of several margin facilities follows the recently announced agreement with noteholders on the outstanding $150 million bond.
“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, Acting CEO of SHUAA.
"This achievement would not have been possible without our excellent team and the continued support and trust of our valued partners, investors, clients, and regulatory authorities. Looking ahead, we look to remain steadfast in maintaining robust risk management practices, an optimal portfolio with prudent use of leverage, and reestablishing our reputation as a trusted financial partner”.