SHUAA Capital Acquires Stake in Kuwait-based Amwal International Investment

SHUAA Capital, the UAE's premier integrated monetary services firm, today introduced it owns 14,491,378 shares in Kuwait-based Amwal International Investment (" Amwal") representing circa 8% of Amwal. In addition Gulf Money Company, a SHUAA Capital subsidiary, owns circa 3% of Amwal.

Amwal is a Kuwait-listed investment firm whose main financial investment includes a 51% risk in Noor Resources Markets, an online trading platform supplying access to clients looking for to buy CFDs (Agreements for Difference), Futures, Metals and Currencies.

Commenting on the financial investment, Fawad Tariq-Khan, General Manager of SHUAA Capital claimed: "This is just one of numerous tactical financial investments that build on SHUAA's evolution strategy, and helps take the region's financial solutions landscape to a new level. We see potential for terrific value in Amwal and synergies in between our funding markets supplying and accessibility to Noor Capital Markets trading platform."

SHUAA Capital has actually been increasing its capital markets platform both with its current arrangements to get Integrated Stocks and Integrated Funding as well as increasing its offerings to clients. SHUAA is the largest and most energetic Market Maker in the UAE and recently announced its ongoing growth and support of the Nasdaq Dubai Futures Market which recorded a 76 per cent increase in trade month on month in June.