Dubai – Mubasher: Shuaa Capital is in early talks and research with investment banks to study the possibility of establishing three special purpose acquisition companies (SPACs).
Shuaa has commented on the recently reported news about the company's plan to set up three SPACs with a capital of $200 million for each, according to the company's disclosure to the Dubai Financial Market (DFM) on Sunday.
The Dubai-based financial services company will announce the developments in case it reaches any agreements.
It is noteworthy to mention that sources recently told Bloomberg, the company is studying the launch of three blank-check companies of about $600 million, which are expected to list in the US this year.
