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  • 23-03-22

    Shuaa Capital investment bank initiates fund of USD250

    (MENAFN) Dubai-based investment bank Shuaa Capital has initiated a USD250 million fund, the GCC's biggest venture debt fund, which is going to aid the expansion of local technology firms that are looking for different sources of capital.

    According to Natasha Hannoun, head of debt at Shuaa Capital statement, “we aim to support the growth of businesses, create jobs, lead further developments in innovation and technology, support economic diversification and guide founders towards realising their vision."

    She added, "our investors have the opportunity to diversify into a new asset class in technology, with a shorter investment horizon, frequent distributions and attractive financial returns.”

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