SHUAA Capital completes its AED 2.54 billion capital increase

Last update: On Sunday 3 months ago 1440 – August 04, 2019
Publication date: On Sunday 3 months ago 1440 – 04 August 2019 KSA 08:46 – GMT 05:46

Source: Arabic.Net

Shuaa Capital, a listed company on the Dubai financial market, made the capital increase of AED 1.065 billion to AED 2.54 billion by issuing 1.47 billion new shares with a value of AED 1 per share.

Shuaa Capital on Sunday issued a statement on the Dubai Financial Market website to end the capital increase after the Securities and Commodities Authority (SCA) approved the change in its status, reflecting its capital increase.

At this month's meeting, the Shuaa Capital General Assembly approved the proposed merger with Abu Dhabi Financial Group and approved the capital increase.