Dubai – Mubasher: The net profits attributable to the owners of Shuaa Capital jumped by around 40% to AED 88.732 million in the first nine months of 2021 from AED 63.593 million in the year-ago period, according to the company's unaudited consolidated financials for the nine-month period ended 30 September 2021.
The earnings per share (EPS) settled at AED 0.035 in the first nine months of 2021, versus AED 0.025 in the corresponding period of 2020.
During the third quarter (Q3) of 2021, the company's net profits attributable to shareholders reached AED 35 million, up 19% from the previous quarter.
Shuaa recorded its third consecutive quarter of earnings before interest, tax, depreciation, and amortisation (EBITDA) growth to AED 83 million during Q3-21, an increase of 5% quarter-on-quarter.
The Group CEO of Shuaa Capital, Jassim Alseddiqi, said: "With the significant headcount expansion in 2021, our focus is now firmly on growing our recurring revenue streams, building permanent capital vehicles in asset management, and broadening our footprint in investment banking."
It is noteworthy to mention that during the first half (H1) of 2021, the company showed net profits attributable to the owners of AED 54.063 million, up from AED 4.92 million in the same half of 2020.
