SHUAA Capital Reports Continued Progress in Q1 2026, Underpinned by Stable Revenue and Strategic Execution
Reported net loss narrows significantly quarter-on-quarter as the Group expands its business platform
and advances key strategic partnerships
SHUAA Capital psc (DFM: SHUAA), a pioneer in regional financial services with over 45 years of institutional expertise, today announced its financial results for the first quarter ended 31 March 2026. The Group reported a net loss of AED 10 million for Q1 2026, a significant improvement from a net loss of AED 42 million in Q4 2025, primarily reflecting the absence of the material non-recurring charges incurred in the prior quarter. Core revenue remained stable at AED 18 million, supported by steady fee income, growing fixed income activity and the contribution of the newly launched equity trading business.
During the quarter, the Group formally launched its equity trading business, marking an important step in expanding its capital markets platform. Subsequent to the quarter end, the Group announced a memorandum of understanding with Gate Capital Financial Services LLC to establish a platform targeting consolidation of Saudi Arabia’s fuel retail sector, and a strategic partnership with Key Capital to advance the MENA venture capital secondaries market, further demonstrating the Group’s commitment to building a diversified and regionally relevant platform.
The Group’s balance sheet remained stable, with equity of AED 543 million as of 31 March 2026. The debt-to-equity ratio stood at 0.75x, reflecting continued financial discipline and the sustained impact of the capital optimization measures completed during 2025.
Commenting on the Company’s results, Nabil Al Rantisi, Group CEO of SHUAA Capital, said: “Our Q1 2026 results reflect continued progress along our development trajectory. While we are still in a rebuilding phase, the underlying business is showing encouraging signs of stability, with core revenue holding steady and the reported loss narrowing significantly from the prior quarter. During the quarter, we took a meaningful step in expanding our platform with the launch of our equity trading business. Since the quarter closed, we have announced two strategic partnerships that speak to the breadth of our ambitions across the region — an MOU with Gate Capital to build Saudi Arabia’s first fuel retail consolidation platform, and a partnership with Key Capital in the MENA venture capital secondaries market. These are examples of the types of differentiated opportunities we are pursuing as we continue to build a leaner, more agile platform capable of delivering sustainable value to our shareholders over the long term.”
Click on the link above to download the full press release.
