Dubai – Mubasher: The board of Shuaa Capital has approved the establishment of a Fund to include investments in it on the basis of a 10% Shuaa proprietary stake.
This investment will have a positive impact on Shuaa's financials, according to a bourse filing on Monday.
The company's board has also completed the acquisition of a prime plot in Dubai.
It is noteworthy to mention that during the first nine months (9M) of 2021, the company's net profits attributable to the owners jumped by around 40% to AED 88.732 million from AED 63.593 million in the year-ago period.
