Shuaa, Abu Dhabi Financial Group merger completed

By DG Staff

DUBAI 5 August 2019: Following final regulatory approvals on the transaction with Abu Dhabi Financial Group (ADFG), Shuaa Capital has announced the completion of the merger with ADFG and the raising of its authorised capital from Dh1,065,000,000 to Dh2,535,720,000.

This comes following the admission of 1,470,720,000 new shares on the Dubai Financial Market in favour of ADFG’s parent company and strategic investor in Shuaa, Abu Dhabi Capital Management LLC, said Wam.

As a demonstration of the strategic investor’s commitment to the transaction, the new Shuaa shares will be subject to a 12-month lock-in period from the date of admission.