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Shuaa Capital board proposes first dividend post-merger on back of strong 2020
Jassim Alseddiqi, group chief executive officer of Shuaa Capital.
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2020 results demonstrate both the resilience of Shuaa’s business model and the strong strategic progress it made against a backdrop of Covid-19 challenges.
Shuaa Capital has received board approval for its audited financial statements for the fiscal year ended 31 December, 2020 and its board has recommended the payment of the first dividend to shareholders since the merger in 2019, of 3 fils per share totalling Dh76 million.
Fadhel Al Ali, chairman of Shuaa Capital, said: “Shuaa has risen admirably to the challenges of 2020 and delivered a strong performance. We have remained focused on realising our growth strategy and the results are clearly evident in our FY 2020 performance, including our ability to pay our first dividend post-merger. What’s more, we are proud that Shuaa’s operations cont ....

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