UAE-based leading asset management and investment banking platform, SHUAA Capital has been titled as the Best Integrated Financial Services Company and secured Excellence Award for Investment Banking in UAE for 2021 by MEA Markets, a quarterly publication dedicated to researching and reporting on key developments in the region.
SHUAA was also named as the most innovative Fund Management company and Best Shariah Compliant Fund Manager for 2021 by The Global Economics, an annual online awards program that recognizes the key players in various industries.
In the past year, when the world was struggling due to the pandemic crisis, SHUAA executed a number of huge transactions including the investment in Anghami, which paved the way for the music streaming service’s upcoming listing on Nasdaq New York, the $308 million debt buyout of Stanford Marine Group and the delivery of a $50 million structured Sukuk for Pure Harvest Smart Farms, which enabled an early-stage company to secure debt financing through the capital markets for the first time in the region.
In addition, SHUAA sold 20 percent of its stake in Mirfa International Power and Water Company (MIPCO) to the leading Japanese group Sojitz Corporation (Sojitz), these transactions reflect the investment platform’s contributions towards positioning the UAE as an attractive investment destination.
Commenting on the awards, Mr. Jassim Alseddiqi, Group Chief Executive Officer of SHUAA Capital, said, “These awards reflect the success of our vision, strategy and commitment to drive an active deal pipeline while delivering holistic investment solutions to create continuous value for our investors and shareholders.”
Recently, Forbes ME listed SHUAA among the top 30 asset managers in the Middle East. With $13.6 billion in assets under management, the company is known for its strong track record through its diverse funds and portfolios. SHUAA continues to make progress on its pipeline of opportunities, including the Anghami merger with Vistas Media Acquisition Company (VMAC), a Special Purpose Acquisition Company (SPAC) on Nasdaq New York, where SHUAA is acting as financial advisor and global underwriter.
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