• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Finance

Shuaa Capital Gets Green Signal for Issuance of $150 Million Bond

With the approval, the company has planned the bond issue to hit the market soon

The Global Economics by The Global Economics
September 22, 2020
in Finance, Trending
Reading Time: 1 min read
0
Shuaa Capital Gets Green Signal for Issuance of $150 Million Bond

Shuaa Capital Gets Green Signal for Issuance of $150 Million Bond

89
SHARES
680
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

Investment company, Shuaa Capital has planned to raise $150 million (AED550.5 million) with the aid of issuing bonds through a private placement, to be listed outside of the United Arab Emirates.

On Monday, the company disclosed its plans to the Dubai Financial Market (DFM), where the Board of Directors approved the issuance. The planned bond issue is expected to be out within weeks for use.

The UAE government along with private sector enterprises will largely benefit from the issuances, wherein they are availing the recent low-interest rates to mine debt funds. The validation by stakeholders will help in the authorization for the board to undertake all the legal procedures required for the issuance of bonds.

The company will utilize the proceeds from the issue and bring changes to its investment strategy portfolio.

Shuaa Capital’s net profits in the H1 this year reached to be AED164 million, ruling out the mark-to-market losses on portfolio investments. Additionally, the company’s borrowings recorded AED2.777 billion with 81.82% to be repayable within a year from the month (June) end.

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

Evergrande Chairman Detained as Chinese Property Crisis Worsens
Real Estate

Evergrande Chairman Detained as Chinese Property Crisis Worsens

by The Global Economics
September 28, 2023
The US Entertainment Industry Strike Nears End as Writers and Studios Reach Deal
Lifestyle

The US Entertainment Industry Strike Nears End as Writers and Studios Reach Deal 

by The Global Economics
September 25, 2023
UK Banks Announce Closure of 36 More Branches
Banking

UK Banks Announce Closure of 36 More Branches

by Rahil Adnan
September 22, 2023
Bracing for another wave of layoffs: Citigroup plans job cuts as a part of restructuring
Finance

Bracing for another wave of layoffs: Citigroup plans job cuts as a part of restructuring

by Riya Thomas
September 15, 2023
Middle East’s Fintech & Digital Sukuk to Spearhead the Growth of Islamic Finance
Finance

Middle East’s Fintech & Digital Sukuk to Spearhead the Growth of Islamic Finance 

by The Global Economics
September 14, 2023
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Evergrande Chairman Detained as Chinese Property Crisis Worsens

Evergrande Chairman Detained as Chinese Property Crisis Worsens

September 28, 2023
Looming US Govt Shutdown & Bitter Political Divide Threatens Economy

Looming US Govt Shutdown & Bitter Political Divide Threatens Economy

September 27, 2023
Amazon to Invest $4 Billion in AI Startup Anthropic

Amazon to Invest $4 Billion in AI Startup Anthropic

September 26, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version