SHUAA Capital announces strategy for 2020 and audited FY 2019 results
§ SHUAA reported FY 2019 net profit of AED 47 million and EBITDA of AED 186 million including merger costs
§ 2019 annual results demonstrated immediate positive outcome of the successful integration with ADFG
§ As result of the merger, SHUAA is expecting to realize AED 50 million annual synergies by Q2 2021
§ SHUAA is embarking on a strategy that focuses on building permanent capital vehicles, driving product innovation and penetration, and exploiting operational leverage
Press release regarding financial results for the year of 2019