Friday, 03 December 2021 10:23 GMT

Shuaa Capital in Dubai aims to sell stocks in subordinate companies

(MENAFN) Shuaa Capital investment bank located in Dubai is in discussions with distinct stock exchange markets to list the stocks of its divisions via initial public offerings.

Shuaa Capital stated on Wednesday in a regulatory filing to the Dubai Financial Market, where its stocks are listed, that these discussions are at “very early stages” and Shuaa might register “one or more” of its divisions.

The firm did not state which exchange markets it is in talks with or the subsidiaries it aims to register.

Based on a report, Shuaa aims to sell stocks in two corporations by early 2022 and is occupied in discussions to employ investment banks as book runners. The two assets combined together have a worth of around Dh2 billion (USD545 million).

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