SHUAA Capital reports preliminary financial results reflecting on-going turnaround since second half of the year

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

Strong Q4 reflects strategic transformation

Commenting on SHUAA’s 2022 preliminary 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.”