Shuaa Capital’s board approves to issue $150m bonds
- Date: 21-Sep-2020
- Source: Mubasher
- Sector:Financial Markets
- Country:uae-top-picks
Shuaa Capital’s board approves to issue $150m bonds
21 September 2020 09:28 AM
Dubai - Mubasher: The board of Shuaa Capital has agreed on a $150 million bond issuance through a private placement.
The bonds will be listed outside the UAE, according to the company's disclosure to the Dubai Financial Market (DFM) on Monday.
It is noteworthy to mention that in the first half (H1) of 2020, the company's net profits excluding unrealised mark-to-market losses on portfolio investments reached AED 164 million, when compared to the same period of 2019.
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