SHUAA Capital Completes Acquisition of Integrated Securities and Integrated Capital Following Final Regulatory Nods

 Deal adds AED 500m+ assets under management and access to 3,000+ clients

Abu Dhabi, 24 April 2018: SHUAA Capital is pleased to announce 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 Central Bank of the United Arab Emirates.

SHUAA’s current multi-pronged business strategy, which came into effect during in early 2017 and helped it return to a path of sustained long-term profitability, 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 AED 4.5 billion and adds a roster of 3,000 retail and institutional clients, with AED 15bn shares in custody in its brokerage business that is now ranked in the top ten in the UAE. SHUAA will consolidate earnings from IS and IC beginning Q2 2018 for reporting purposes.

Fawad Tariq-Khan, Chief Executive of SHUAA, said “IS and IC are a natural addition to the anatomy of SHUAA Capital. Upon full integration, we expect improved synergies and efficiencies with a greater depth of investment products and offerings for our expanded client base”. He added “The expansion strategy set out under our new ownership and management is proving particularly fruitful in current times, such as entering into Egypt just as the country’s stock market experienced a significant surge in fund inflows.”

SHUAA has also confirmed its offer to acquire publicly listed Amwal International Investment Company in Kuwait is going through regulatory approvals. It is also working on a number of other potential acquisition opportunities in the region including Egypt.