SHUAA Capital secures 2 prestigious honors for an exceptional 2020 performance

By Rahul Vaimal, Associate Editor
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Shuaa Capital
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UAE-based asset management and investment banking firm SHUAA Capital was honored for its outstanding achievements in 2020 with the “Asset Management Company of the Year” and “Best Investment Bank in MENA” awards at the Global Banking & Finance Awards 2020. 

Asset Management Company of the Year

Global Banking & Finance Awards’ 2020 “Asset Management Company of the Year” acknowledges SHUAA Capital’s exceptional performance last year which saw the launch of several innovative funds in its attempt to build permanent capital vehicles to enhance earnings visibility.

SHUAA Capital’s new fund launches included SHUAA Financing Opportunities Fund and three other innovative funds which the firm had floated in Abu Dhabi Global Market (ADGM) under an Incorporated Cell Company (ICC) Fund Platform. It also introduced Thalassa Investments LP, a Cayman Islands domiciled fund that invests in and manages the complex debt buyout of Stanford Marine Group, one of the Middle East leading offshore services companies.

Best Investment Bank in MENA

The “Best Investment Bank in MENA” at the 2020 Global Banking & Finance Awards is a testament to an outstanding investment banking year SHUAA Capital had where it issued $685 million worth of debt capital markets issuance while offering additional support to corporates through specialized restructuring solutions, as well as providing free advisory services and financial packages to small and medium enterprises (SMEs) in the face of global pandemic challenges.

Jassim Alseddiqi
Jassim Alseddiqi
SHUAA Capital

“SHUAA has positioned itself strongly during the recent challenges of the global pandemic thanks to our clear strategy for long-term growth. While other players in the market were in retreat, we had the will and the ability to continue to provide financing and specialized solutions to corporates, as well as introduce new innovative investment vehicles which will grow our recurring income over the long-term. These awards validate our continued success in providing pioneering, best-in-class solutions to our clients, as well as the strong momentum across our business and an exciting pipeline of investment opportunities for which SHUAA is known.”

2020 Financial Year (FY) Performace 

SHUAA Capital’s preliminary financial results for FY 2020 revealed recently report that the firm doubled its year-on-year (YoY) profit to reach $34.03 million in 2020, compared to $12.80 million in 2019.

Global Banking and Finance Review

Global Banking and Finance Review is a leading financial platform that publishes analysis, opinion, news and reviews from the world of finance with an annual reach of over 3 million readers.

The magazine’s annual Global Banking & Finance Awards is one of the most anticipated events and honors in the business calendar with its recognition of innovation, change and achievement in the world of banking and finance.

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