SHUAA Capital, the leading asset management and investment banking platform in the region, has announced the successful settlement of over Dh500 million in margin facilities with multiple UAE banks.
The margin facilities are associated with a fund domiciled in ADGM and managed by SHUAA GMC Limited, the subsidiary of SHUAA.
The full settlement of several margin facilities follows the recently announced agreement with noteholders on the outstanding $150 million bond. It was described by the asset manager as “a testament to SHUAA’s refreshed investment philosophy, which emphasises fiscally prudent financial policies alongside modest levels of debt”.
“Our achievement in settling significant margin facilities is a testament to our unwavering commitment to prudent risk management and an unbiased investment decision-making process,” said Wafik Ben Mansour, Acting CEO of SHUAA.
Looking ahead, SHUAA said it will “look to remain steadfast in maintaining robust risk management practices, an optimal portfolio with prudent use of leverage, and re-establishing our reputation as a trusted financial partner.”
