Shuaa Capital achieved a net profit attributable to shareholders of AED 125 million, an increase of 168% year-on-year.
According to Arabia Net, the company's annual profits before interest, taxes, depreciation and depreciation continued to rise to reach 349 million dirhams, an increase of 89% year-on-year. Despite the significant valuation adjustments made by the group across its listed and unlisted assets and portfolios, the profits earned by the group over three consecutive quarters contributed to its recording of these results.
managed assets rose to a record high of $ 14.1 billion at the end of the year, driven by progress the group has made in its strategic plans to increase its recurring revenue through permanent capital instruments. This, coupled with significant progress in operational efficiency, profitability measures and synergies, contributed to the Group's recording of an 8.5% return on equity in 2020, in line with its previously announced medium-term goal for return on equity, which ranges between 7 and 12. %.
In view of its good performance, the Group's Board of Directors recommends distributing dividends to shareholders for the first time since the merger of Shuaa Capital and Abu Dhabi Financial Group in 2019, at a rate of 3 fils per share and a value Total of 76 million dirhams.
