SHUAA Capital reports full year 2022 results reflecting healthy operating profit

SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, has received board approval for its audited financial statements for the fiscal year ended 31 December 2022.

RevenueEBITDANet Profit
Q4 2022AED 50.8m
-38% YoY
AED 38.6m
+122% YoY
AED 9.2m
+114% YoY
FY 2022AED 265.9m
FY21: AED 322.7m
AED 135.0m
FY21: (AED 54.7m)
(AED 135.2m)
FY21: AED 24.2m

Group Financial Highlights

Segmental review

Strong initiatives on strategic transformation

Commenting on SHUAA’s 2022 results, Jassim Alseddiqi, Board Member and Managing Director of SHUAA Capital, said: “The past year was important for SHUAA as we have managed to sail with safety despite spiralling market volatility. The Group has taken advantage of the momentum and success built in the previous years and remained focused on identifying new opportunities. We will continue to provide pioneering investment solutions to our clients, as evidenced by the projects we completed and new products we launched.”


Commenting on SHUAA’s 2022 results, Fawad Tariq Khan, Group Chief Executive Officer of SHUAA Capital, said: “2022 was a crucial year for SHUAA. We executed on a plan for a simpler, more focused financial services firm, built around client needs and innovative investments. As 2023 opens, we remain committed to our core mission and building on our leading franchise in the Middle East to grow our business and deliver significant value creation for our clients and shareholders.”