Dubai Financial Market | SHUAA Capital | SHUAA sells 20% stake in Mirfa International Power and Water Company to Japanese investor, Sojitz Corporation

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SHUAA sells 20% stake in Mirfa International Power and Water Company to Japanese investor, Sojitz Corporation


§ Initial investment in Mirfa International Power and Water Company (MIPCO) in 2015 was to support its USD 1.5 billion development, alongside TAQA and Engie
§ TAQA and Engie will remain shareholders in MIPCO, with Sojitz Corporation acquiring SHUAA's 20% equity stake in full
§ Divestment is in line with SHUAA's exit strategy, now that the project is operational and producing power

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