DUBAI / WAM Shuaa Capital on Wednesday announced that along with other parties, it had successfully priced and issued GFH Financial Group’s five-year sukuk at $300 million. The sale of the sukuk, held on January 21, was more than twice oversubscribed, with orders of over $700 million. Mustafa Kheriba, Deputy CEO and Group Head of Asset Management at Shuaa, commented, ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) has achieved 75 million safe work hours at the Barakah Nuclear Energy Plant, reflecting Enec’s commitment to the highest standards of safety, security and quality in the development of the UAE Peaceful Nuclear Energy Programme. Mohamed Al Hammadi, Chief Executive Officer of Enec, Mark Reddemann, Chief Executive Officer of Nawah ...

Abu Dhabi / WAM The Abu Dhabi Investment Office (ADIO) on Wednesday announced AED60 million of investment in the latest batch of startups and fund managers applying to its Ventures Fund. The recipients, Securrency, TruKKer, Sarwa, YACOB and Okadoc, are innovation-focused companies that are either based in Abu Dhabi or expanding into the emirate. ADIO also signed its first investment ...