SHUAA Capital has a differentiated and unique public markets platform that invests in publicly listed securities through fund structures, with a focus on Middle East markets.
Goldilocks Investment Company Ltd
Goldilocks is an open-ended fund launched in 2015 and managed by SHUAA GMC Limited. Goldilocks predominantly invests in GCC investments with a long-term goal to compound capital at a high rate of return whilst minimising the risk of loss of capital by investing in investment opportunities at a discount to intrinsic value.
Since its inception, the fund has managed to significantly outperform regional and global indices, with a 220% net return compared to a 20% total return for the MSCI UAE, 49% total return for the S&P Pan Arab, and 67% total return for the MSCI World indices. Goldilocks operates with the support of other shareholders to ensure Boards and management of companies work towards executing turnaround strategies and unlocking shareholder value. In 2022, Goldilocks Class A shares were acquired by Eshraq Investments PJSC.
The Fund operates with the support of other shareholders to ensure Boards and management of companies work towards executing turnaround strategies and unlocking shareholder value.
ICC Fund Platform
SHUAA has established the Incorporated Cell Company (“ICC”) fund structure in ADGM to launch differentiated fund strategies under the ICC platform. SHUAA has launched five funds* under the ICC fund structure:
Nujoom Balanced Fund (“NBF”), SHUAA Global Sukuk Fund (“SGSF”), SHUAA Global Equity Fund (“SGEF”), SHUAA North America Equity Fund (“SNAEF”), and Nujoom Aggressive Fund (“NAF”) (the “Funds”).
The Funds will offer Investors the opportunity to diversify their holdings into well-managed balanced funds with allocation across global Sharia-compliant equities and fixed income.
Fundamental bottom-up analysis towards stock picking and selection of sukuk investments with a focus on maintaining a high-quality investment portfolio with a long-term horizon.
* Managed by SHUAA GMC Limited, SHUAA’s wholly owned FSRA regulated Investment Manager. SHUAA GMC Limited is established in Abu Dhabi Global Market “ADGM” and is licensed as a Prudential Category 2 Authorized Firm by the ADGM Financial Services Regulatory Authority (FSRA). SHUAA GMC Limited has obtained a Financial Services Permission to conduct regulated activities, including Managing Assets and Collective Investments Funds