"One of several strategic investments that build upon Shuaa’s evolution strategy"
Shuaa buys 11 per cent holding in Kuwait’s Amwal
Shuaa Capital, the Dubai-listed investment bank, bought 11 per cent of Kuwait-based Amwal International Investment as part of the firm’s acquisition strategy that seeks to bolster its balance sheet.
“This is one of several strategic investments that build upon Shuaa’s evolution strategy, and helps take the region’s financial services landscape to a new level,” said Fawad Tariq-Khan, the general manager of Shuaa. “We see potential for great value in Amwal and synergies between our capital markets offering and access to Noor Capital Markets trading platform.” Amwal is a Kuwait-listed investment firm whose main investments include a 51 per cent stake in Noor Capital Markets, an online trading platform.