SHUAA Capital records AED 267 million net profit for Q2 2020 and achieves higher profitability during the first half of 2020 compared with first half of 2019

SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced today its financial results for the first six months of the year 2020 (H1-2020) realizing a net profit attributable to shareholders of AED 5 million and an EBITDA of AED 125 million. Excluding unrealized mark-to-market losses on portfolio investments, H1-2020 net profit came in at AED 164 million and EBITDA at AED 284 million. SHUAA’s first half financial results for 2020 affirmed the company’s ability to sustain its resilient revenue growth amidst severe global economic, financial and social impacts of the COVID-19 crisis … Continue reading SHUAA Capital records AED 267 million net profit for Q2 2020 and achieves higher profitability during the first half of 2020 compared with first half of 2019

Siraj Holding acquires Al Hilal Takaful PSC from Al Hilal Bank

Siraj Holding LLC, a private investment firm chaired by Mr. Ahmed Khalaf Al Otaiba, formally announces the acquisition of Al Hilal Takaful PSC from Al Hilal Bank, a wholly-owned subsidiary of Abu Dhabi Commercial Bank (ADCB). With this acquisition, Siraj Holding marks a new phase of operations for Al Hilal Takaful and establishing it as the premier provider of various Takaful solutions for individuals, employers, and government entities across the UAE. The acquisition is poised to strengthen the Shariah compliant Islamic insurance offerings with elevated services for clientele. The transaction was approved by the Shareholders, the Securities and Commodities Authority, … Continue reading Siraj Holding acquires Al Hilal Takaful PSC from Al Hilal Bank

Tally Release 6.6 with Browser Access

Business owners can access Tally Reports on any device, anywhere Tally Solutions, India’s leading business management software provider, today announced the global launch of its latest release Tally.ERP 9 Release 6.6 bringing the Tally experience on web browsers. With the launch of this release, Tally aims to assist businesses access critical business data anywhere through any device, securely and privately, while keeping the data on customer’s machines itself. The release empowers entrepreneurs with business information like business reports and invoices. This will be accessible to them on web browsers, removing the dependency of having a particular type of computer or device, or … Continue reading Tally Release 6.6 with Browser Access

Fintech Startup Privatam Unveils PARity 4.0, the “Netflix and Expedia” of Niche Investments

Growing from one client to an online investment platform with a $1.5B annual turnover, the Monaco-based company sets sights on Dubai for further expansion After Privatam’s digital investment platform PARity transformed the company into one of the leading intermediaries of alternative investments in Europe and Latin America, the Monaco-based fintech came to Dubai this week as part of a world tour to showcase the technology that has quickly earned a reputation as the Netflix and Expedia of niche investments. The tremendous sophistication of MENA financial markets and Dubai’s importance as a regional financial and commercial hub are the driving forces … Continue reading Fintech Startup Privatam Unveils PARity 4.0, the “Netflix and Expedia” of Niche Investments