Dubai Financial Market | SHUAA Capital | SHUAA Capital announces strategy for 2020 and audited FY 2019 results

 

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

Regional Markets indices ()

Name Last Change (%) Value
Abu Dhabi 3,734.69 0.25 200,444,101
Dubai 1,771.31 1.02 185,005,757
Saudi 6,505.35 2.07 4,838,814,575
Kuwait 5,198.66 1.61 28,041,500
Qatar 8,207.24 0.91 425,973,553
Muscat 3,448.29 0.55 664,417
Bahrain 1,350.62 0.36 457,680
Egypt 9,593.94 0.76 639,202,956
Amman 1,668.18 0.44 3,693,392
Palestine 498.90 0.07 405,097

Commodities

Name Last update Closing Price Change %
Brent Mar-31 22.87 0.35
Natural Gas Mar-31 1.68 0.47
Gold Mar-31 1,623.00 1.39
Silver Mar-31 14.25 0.66
Platinum Mar-31 734.20 1.21
Nymex Light Mar-31 20.92 4.08

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 22,208.42 22,379.44 0.23
Nasdaq 7,740.06 7,829.12 0.71
S&P 500 2,614.69 2,628.33 0.06
Name Opening price Closing Price Change%
Frankfurt 9,970.79 9,879.56 0.65
Paris 4,437.78 4,370.92 0.17
London 5,563.74 5,611.04 0.85
Stockholm 551.27 552.77 2.22
Switzerland 9,184.78 9,265.23 0.99
Name Opening price Closing Price Change%
Shanghai 2,767.31 2,750.30 0.11
Hong Kong 23,613.27 23,603.48 0.04
Jakarta 4,414.50 4,538.93 2.82
Tokyo 19,181.90 18,917.01 0.88

Currency

Name Rate Last update
EURO/USD 1.099 Mar-31
GBP/USD 1.243 Mar-31
USD/JPY 107.805 Mar-31
USD/CHF 0.965 Mar-31