Finance & Capital Market

Shuaa Capital approves $150m bond issuance

Shuaa Capital, a leading asset management and investment banking platform in the region, has approved the issuance of non-convertible bonds valued at $150 million in one or more tranches in a private placement.
 
These bonds will be listed on a market outside the UAE, the company said in its filing to Dubai Financial Market where its shares are listed.
 
During the company's ordinary general meeting (OGM), the shareholders authorised the board to carry out all the actions needed for the issuance, including completing the timing, terms, and pricing details.-TradeArabia News Service