SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, has been named Best Integrated Financial Services Company and received Excellence Award for Investment Banking in UAE for 2021 by MEA Markets, a platform dedicated to researching and reporting on key developments in the region.
SHUAA was also named as the most innovative Fund Management company and Best Shariah – Compliant Fund Manager for 2021 by The Global Economics, an annual online awards program with the sole purpose of recognizing the key players in various industries.
SHUAA was one of the few investment banks in the region to execute a number of big-ticket transactions amidst the ongoing pandemic crisis. These include: the investment in Anghami, which paved the way for the music streaming service’s upcoming listing on Nasdaq New York; the AED 1.13 billion (USD 308 million) debt buyout of Stanford Marine Group; and the delivery of a USD 50 million structured sukuk for Pure Harvest Smart Farms, which enabled an early-stage company to secure debt financing through the capital markets for the first time in the region. SHUAA also sold its 20% stake in Mirfa International Power and Water Company (MIPCO) to leading Japanese group Sojitz Corporation (Sojitz) – a great example of how SHUAA’s investments and contributions have helped create value not only for its shareholders but also for the UAE as a whole by attracting investment from global players.
Commenting on the awards, Jassim Alseddiqi, Group Chief Executive Officer of SHUAA Capital, said, “These awards reflect the success of our vision, strategy and commitment to drive an active deal pipeline while delivering holistic investment solutions to create continuous value for our investors and shareholders.”
Forbes ME recently listed SHUAA among the top 30 asset managers in the Middle East – further evidence of the firm’s position as a leading asset management firm in the region. With USD 13.6 billion in assets under management, the company is known for its strong track record through its diverse funds and portfolios.
SHUAA also continues to make progress on its pipeline of opportunities, including the Anghami merger with Vistas Media Acquisition Company (VMAC), a Special Purpose Acquisition Company (SPAC) on Nasdaq New York, where SHUAA is acting as financial advisor and global underwriter.