Investor alert: Dubai’s Shuaa Capital warns of pandemic-related scams

SectorFinancial Markets
CountryUnited Arab Emirates

Dubai-listed Shuaa Capital has urged the public to be cautious of investment pitches from scammers impersonating the company.The asset management firm said fraudsters may take advantage of the coronavirus pandemic by posing as its authorised representatives to dupe unsuspecting investors in the UAE and abroad.“Criminals and fraudsters may take advantage of these unprecedented times by using a variety of schemes, including using the name, corporate identity and the logo of Shuaa or particular members of the group or management team in different ways,” the company said in a bourse filing on Tuesday.The company has also urged its clients and the public to report anything suspicious, especially if it involves the use of its logo, branding, tagline or any marketing materials.“We alert our clients and the public to be extremely vigilant more...