SHUAA Q1 2021 profit hits 10-year high with significant business momentum across the platform
§ Q1 profits hit 10-year high for both net profit attributable to shareholders of AED 25 million and operating income of AED 45 million, as SHUAA responds
effectively to the impact of the pandemic and the economic environment
§ Q1 2021 EBITDA generation also strong at AED 75 million, following record profits in Asset Management
§ Revenues of AED 102 million showed a 42% increase year-on-year, highlighting underlying strength in recurring business
§ Cost discipline maintained with cost-income ratio of 55% for Q1 2021 in line with medium-term target
§ Strong start to the year with several landmark transactions including Anghami and Pure Harvest
§ Continued focus on execution of strategic agenda, with enhanced value proposition post-integration and a strong pipeline of new funds and deals driving momentum
Press release regarding financial results for the 1st QTR of 2021