Logo ofSHUAACapital
SHUAACapital completedthe sale of its Saudi hospitality asset portfolio, managed by SHUAA Capital Saudi Arabia, a wholly owned subsidiary, to Sumou Holding for SAR 515 million, the company said in a statement. 
The portfolio comprises three prime hospitality properties strategically located in Riyadh, Jeddah, and Dammam.
This divestiture is part of SHUAA Capital’s ongoing strategy to enhance investor returns and refine its investment focus, aligning with its long-term objectives of optimizing asset allocation and portfolio management, it added.
SHUAA Capital owns a 33% stake in the portfolio, and the transaction is expected to generate a positive impact on SHUAA PL and Balance Sheet of AED 19.6 million.
SHUAA’s share of the proceeds will be used to reduce liabilities and strengthen its balance sheet, further positioning the company for future growth and success.
Logo ofSHUAACapital
SHUAACapital completedthe sale of its Saudi hospitality asset portfolio, managed by SHUAA Capital Saudi Arabia, a wholly owned subsidiary, to Sumou Holding for SAR 515 million, the company said in a statement.
The portfolio comprises three prime hospitality properties strategically located in Riyadh, Jeddah, and Dammam.
This divestiture is part of SHUAA Capital’s ongoing strategy to enhance investor returns and refine its investment focus, aligning with its long-term objectives of optimizing asset allocation and portfolio management, it added.
SHUAA Capital owns a 33% stake in the portfolio, and the transaction is expected to generate a positive impact on SHUAA PL and Balance Sheet of AED 19.6 million.
SHUAA’s share of the proceeds will be used to reduce liabilities and strengthen its balance sheet, further positioning the company for future growth and success.
