Overview
SHUAA Capital psc is a publicly listed financial services firm headquartered in Dubai, UAE, specializing in asset management and investment banking. Established in 1979, SHUAA operates with a robust track record in public and private market investments, spanning real estate, debt, and diverse financial sectors. Its innovative approach in these domains emphasizes a forward-thinking and dynamic strategy to financial services.
Business Segments
Asset Management
SHUAA's asset management division is a leader in public markets, private equity, real estate, and debt investments. Managing approximately US $14 billion in assets, this division underscores SHUAA's significant industry presence and investment efficacy.
Investment Banking
The investment banking segment offers comprehensive services, including corporate finance advisory, transaction services, private placements, and public offerings of equity and debt securities. These services enable SHUAA to effectively address and adapt to evolving market needs and funding challenges.
Governance and Leadership
Board and Management
- Badr Al Olama, Chairman since 2024, brings extensive expertise from his role as Executive Director of UAE Clusters at Mubadala. He also serves as the Chairman of Emirates Post.
- Wafik Ben Mansour, the Acting Chief Executive Officer since November 2023, offers 15 years of valuable experience from Credit Suisse, reflecting a strong background in investment banking.
- Bechara Raad, Chief Operating Officer, has over 30 years of industry experience, having held important roles at Credit Suisse and Bank Audi.
- Bachir Nawar, Chief Legal and Compliance Officer, brings over 18 years of expertise in compliance and governance.
- Nabil Ramadhan, Vice Chairman since 2024, also serves as Chief Strategy & Marketing Officer at Dubai Holding Asset Management.
Workforce
With employees from over 20 countries, 25% of whom are women, SHUAA Capital prides itself on a diverse workforce. The management team averages 20 years of experience, highlighting deep-rooted industry expertise and leadership stability.
Recent Developments and Strategic Direction
- SHUAA aims to generate sustainable value through innovative investment solutions targeting institutional and high-net-worth clients.
- The company secured a substantial US $300 million finance facility from The Arab Energy Fund (TAEF) and National Bank of Fujairah (NBF), evidencing its capacity to attract significant growth funding.
- SHUAA strategically approved mandatory convertible bonds issuance, reinforcing its commitment to financial growth and sustainability.
- A successful exit from a Saudi hospitality investment highlights its proficient asset management capabilities.
Competitor Profiling
Key Competitors
Kuwait Financial Centre
A significant competitor providing asset management and investment services, paralleling SHUAA's offerings.
CDG Capital
Based in Morocco, it competes in the North African and MENA regions with a comprehensive suite of investment services.
Korea Investment & Securities
Leading as a non-bank financial holding company in Korea, this firm extends its competitive reach across global markets.
BTG Pactual
A prominent Latin American investment bank offering a broad range of services, competing directly in various geographic markets, including the Middle East.
EFG Holding
Originating from Egypt, EFG Hermes is a major player in the MENA sector with comprehensive services across securities brokerage, asset management, and private equity.
Dubai Investments (PJSC)
A diversified investment entity in the UAE, strategically aligned with SHUAA's business sectors in real estate and financial services.
Emirates NBD Asset Management Limited
One of the region's largest asset managers specializing in Shari'a-compliant funds and MENA equity markets, providing direct competition to SHUAA.
Gulf Capital
Known for alternative asset management, Gulf Capital targets similar clientele with specialized credit and private market strategies.
Financial and Competitive Landscape
SHUAA Capital's annual revenue ranges between $73.9M to $102.4M, employing between 390 to 455 individuals. This positions SHUAA among middle-tier investment firms, with a competitive edge established via strategic investments and regional know-how. Noteworthy competitors like EFG Holding and Dubai Investments emphasize the competitive pressures and the need for SHUAA to continuously innovate and diversify its market approach to sustain and grow its market share effectively.
