Dubai: Shuaa Capital said on Monday it has acquired an 8 per cent stake in Kuwait-based Amwal International Investment for an undisclosed sum.
Shuaa now owns 14.49 million shares in Amwal International. Furthermore Gulf Finance Corporation, a Shuaa Capital subsidiary, owns circa 3 per cent of Amwal, the company said in a statement to Dubai Financial Market.
Amwal is a Kuwait-listed investment firm whose primary investment includes a 51 per cent stake in Noor Capital Markets, an online trading platform.
Shuaa Capital has been expanding its capital markets platform both through its recent agreements to acquire Integrated Securities and Integrated Capital as well as expanding its offerings to clients.