Dubai – Mubasher: Abu Dhabi Financial Group (ADFG) acquired 515 million shares in SHUAA Capital, representing 48.36% of its capital, according to a bourse statement.
SHUAA’s capital amounts to AED 1.07 million, distributed on 1.07 million shares at AED 1 par value.
ADFG purchased the stake for AED 0.705 per share as agreed on 2 June with Dubai Financial Group Holding Company.
The acquisition was completed through Shine Investments, a wholly owned subsidiary of ADFG.
