Shuaa Capital Launches USD 200 Million Fund Targeting Shariah-Compliant Financing for GCC Corporates and Developers

United Arab Emirates investment banking firm Shuaa Capital (Shuaa) has launched a USD 200 million fund targeting investments in senior, mezzanine and uni-tranche Shariah-compliant financing for corporates and developers operating in the Gulf Cooperation Council (GCC).

The Shuaa Financing Opportunities Fund, which is a closed-ended fund with a four-year tenure, is the company’s first dedicated financing fund, and received USD 68 million in commitments from investors, according to a statement released by Shuaa on the 11th of October 2020.

Jassim Alseddiqi, Chief Executive Officer of Shuaa stated that despite challenging market conditions posed by COVID-19, the company believes t...