Shuaa launches $200m financing fund

SourceMubasher
SectorFinancial Markets
CountryUAE Top Picks

Dubai – Mubasher: Shuaa Capital has launched 'Shuaa Financing Opportunities Fund' worth $200 million to generate income yield and preserve capital, according to a press release on Sunday. Focusing on strategic investments in the senior, mezzanine, and unitranche Sharia-compliant financing in the GCC, the closed-ended Fund with a four-year tenor has attracted $68 million from investors. The Financing Opportunities is the fourth fund launched by Shuaa in 2020, aiming to attract capital from investors, and the company has collected $140 million in the last three months. The launch of a new fund came after the company's success in implementing a number of financing and credit investments valued at $250 million, with mid-teen returns of c. 15%. The Fund's investors base is expected to ...read more...