Almost all the stocks on the index were in negative territory including blue-chip developer Emaar Properties
The firm’s market capitalisation exceeds Dhs1bn ($272m) and it has close to $5bn in assets under management
The latest round of hiring at Shuaa Capital comes amid a flurry of capital markets activity in the Middle East
The fund claims to be the largest venture debt fund in the GCC
Shuaa joins existing investors Riyad Capital and UK comparison website GoCompare
It has priced its initial public offering of 10,000,000 units of Shuaa Partners Acquisition Corp I at $10 per unit
Shuaa restructured the company at the start of this year by completing a Dhs1.13bn debt buyout
Shuaa’s real estate investment portfolio is reported to be worth over $11bn
Shuaa Capital led a $50m structured sukuk for Pure Harvest co-investing with Franklin Templeton and Sancta Capital
The agreement will result in Anghami becoming the first Arab technology company to list on Nasdaq New York
Anghami was founded in Beirut, Lebanon, in 2012
In the past few years, the firm has structured and invested over $4bn of debt deals