SHUAA Capital says accumulated losses at 25.86% of capital
- Source
- Argaam - UAE News
- Source link
- https://www.argaam.com/en/article/articledetail/id/1929703
- Published
- 2026-08-16 13:39:00
- Discovered by ProcIntel
- 2026-08-16 14:01:52
- Category
- GCC Spotlight
- Geography
- UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p class="ckeCaption"><span ><span ><img src="https://argaamplus.s3.amazonaws.com/c1217497-faf9-452f-ae41-1fd800bde195.png" ></span></span>DFM-listed SHUAA Capital said accumulated losses reached AED 946 million, or 25.86% of paid-up capital.</p> <hr> <p>DFM-listed SHUAA Capital said accumulated losses reached AED 946 million, or 25.86% of paid-up capital, as of the end of Q2 2026, according to a bourse statement.</p> <p><br> The accumulated losses are driven by fair value losses from the impairment of investments, goodwill, and write-off of related receivables linked to the company’s UK investments; and impairment of investment value and write-off of receivables related to the company’s legacy real estate assets. Reasons also included losses from subsidiaries due to revaluation adjustments on owned assets, recognition of deferred tax liabilities following the introduction of the corporate tax law in the UAE, the write-off of receivables following a review of the valuation of company-owned land in the UAE, and fair value losses from the company’s investments in listed securities and other managed investments.</p> <p></p> <p>The statement added that the company has taken certain steps to address the accumulated losses, including restructuring its business to drive growth and maximize value, including launching new investment funds and reactivating its investment banking platform through pursuing new mandates and transactions; and adopting a more efficient operating structure, which the company expects will enhance cost levels and positively impact net results.</p>
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "1 linked geography"
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