The fund is targeting special situations in the GCC, and according to the press release has already attracted a total of USD 68 million in commitments from investors. The launch follows SHUAA’s recent deployment and returning USD 250 million to investors and generating mid-teen returns of c. 15%, according to the official press release.
The key objective of SHUAA Financing Opportunities Fund is to generate income yield and preserve capital, through a well identified mandate covering targeted and strategic investments in senior, mezzanine, and untrenched Sharia-compliant financing for corporates and developers operating in the GCC region.
SHUAA Financing Opportunities Fund is the fourth fund to be announced by SHUAA in 2020. The company continues to attract capital from investors and has raised over USD 140 million in the last 3 months.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.