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ABU DHABI / WAM
Shuaa Capital has announced the completion of its acquisition of Integrated Securities (IS) and Integrated Capital (IC), following final approval by the Emirates Securities and Commodities Authority and the UAE Central Bank.
Shuaa’s current multi-pronged business strategy — which came into effect in early 2017 — helped it return to a path of sustained long-term profitability, which entails the growth and development of each of the four business lines via organic, inorganic growth and strategic cross-sell prospects.
With Integrated Securities and Integrated Capital now operating under the Group’s umbrella, Shuaa’s Assets Under Management (AuMs) will effectively grow to circa AED4.5 billion.