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Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Shuaa Capital CEO now owns 30 percent of the firm

SHUAA Capital approves launch of MCB tranches. (WAM)
By TRENDS Desk
September 12, 2021 3:56 pm
  • Shares were sold by Shine Investments in Commercial Projects
  • In 2019, Shuaa Capital, which has $14 billion in assets under management, merged with Abu Dhabi Financial Group (ADFG) in 2019

The CEO of the UAE-based Shuaa Capital has bought 57, 966, 523 shares in the financial firm, taking his personal stake close to 30 percent in the company.

In a statement to the Dubai Financial Market, where its stock trades, Shuaa Capital said Shine Investments in Commercial Projects LLC was the seller of the shares to Alseddiqi and other investors. Following the sale Shine no longer holds any shares in Shuaa.

In 2019, Shuaa Capital, which has $14 billion in assets under management, merged with Abu Dhabi Financial Group (ADFG) in 2019. Alseddiqi, who is also the CEO of ADFG, is currently the chairman of Gulf Finance House, Eshraq Investments, Khaleeji Commercial Bank among others.

He also serves on the boards of First Abu Dhabi Bank (FAB), Abu Dhabi Capital Group, ADNOC Distribution and Dana Gas.

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