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SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

SHUAA to launch next-gen Digital Wealth platform

Alahmadi is set to be a part of the Board’s Investment Committee.
    • The Digital Wealth Platform will open up SHUAA to a broader investor base

    • The new digital wealth platform will integrate new technologies such as AI with curated management

    SHUAA, an asset management and investment banking firm, is set to launch a new digital wealth fintech as part of its plans to further develop its digital offerings.

    The new digital wealth platform will integrate new technologies such as AI with curated management and advisory services for a seamless experience.

    The digital wealth platform will open up SHUAA to a broader investor base, including the next generation of investors.

    The company has appointed Hadi Raad, an ex-Visa and Google alumnus, to lead SHUAA’s innovative and ambitious digital proposition as Chief Digital Officer.

    Hadi holds both a Bachelor’s degree in engineering in computers and communications and a Master’s degree in Engineering Management from the American University of Beirut. He also holds an MBA with high honors from the University of Chicago, Booth School of Business.