Home Trade And business Shuaa Capital sells its stake in “Al Mirfa International” for 217 million...

Shuaa Capital sells its stake in “Al Mirfa International” for 217 million dirhams


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Dubai – Mubasher: Shuaa Capital said that the total value of the deal to sell its 20 percent stake in Al Mirfa International Water and Electricity Company is 217 million dirhams..

The company added, in a statement today, Sunday, that the sale comes in line with the company’s exit strategy after the project went into operation and production of energy.

She indicated that this deal leads to net gains in the accumulated retained earnings of the group of 41 million dirhams in the second quarter of 2021.

I expected Shuaa Capital Company In January and January, the debt purchase deal of “Stanford Marine Group” will have a positive impact on its business results for the fourth quarter of last year..

She explained that this is done through management fees and performance fees in addition to the return on the company’s share of investment in the deal.


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