Dubai – Mubasher: SHUAA Capital entered into an agreement with Integrated Financial Group (IFG), towards the acquisition of Integrated Capital and Integrated Securities.
The agreement follows the completion of the due-diligence process that started in March.
Integrated Securities, which IFG acquired from First Gulf Bank (FGB) in 2014, ranks within the top 10 by volume traded in the UAE.
Integrated Capital will combine with SHUAA’s developing capital markets business which provides access to regional and international securities on the primary and secondary markets.
It brings to SHUAA over 3,000 clients and over AED 15 billion shares in custody.
