Owner of SHUAA Capital PSC | UAE Financial Institution Wiki

SHUAA Capital PSC is one of the UAE’s oldest and most prominent financial institutions, specializing in investment banking, asset management, and capital markets. Listed on the Dubai Financial Market, SHUAA manages billions of dollars in assets across real estate, private equity, debt capital markets, and listed equities, serving institutional clients, high-net-worth individuals, and corporations across the Middle East and beyond.

Who Owns SHUAA Capital?

SHUAA Capital is a publicly listed company on the Dubai Financial Market (DFM). Its major shareholder is the Abu Dhabi Financial Group (ADFG), which holds a significant controlling stake. ADFG, founded by Jassim Alseddiqi, became a dominant force in SHUAA after the merger of SHUAA Capital and Abu Dhabi Financial Group’s investment management operations in 2019. The remainder of SHUAA’s shares are held by institutional and retail investors through the DFM. Jassim Alseddiqi serves as the Executive Director and Group CEO.

History and Background

SHUAA Capital was established in 1979 as Emirates Financial Services and rebranded to SHUAA Capital in 2000. For decades, SHUAA operated as a leading regional brokerage and investment bank. A major transformation occurred in 2019 when SHUAA and Abu Dhabi Financial Group (ADFG) completed a merger that significantly expanded SHUAA’s asset management capabilities and AUM. The combined entity emerged as one of the region’s largest independent alternative asset managers.

Business Activities

SHUAA Capital operates across several key areas: Asset Management (real estate funds, private credit, infrastructure), Investment Banking (capital markets advisory, M&A, debt issuance), Principal Investments (direct investments in growth companies and real assets), and Brokerage (securities trading and execution). SHUAA has been particularly active in real estate and alternative investment funds targeting GCC investors.