ADFG completed the merger with SHUAA.

ADFG, an investment group, and SHUAA, a company in regional investment banking and capital markets, completed the merger. Under the terms of the transaction, SHUAA will issue 1.5bn new SHUAA shares to ADFG’s parent company Abu Dhabi Capital Management in return for the entire issued share capital of ADFG. The combined customer base will benefit from an unmatched product suite across the financial services value chain. With this unique full-service offering, the combined entity will be able to deepen existing client relationships through a regional distribution network across some of the most active and relevant geographies in the region and internationally. Thus, the combination of ADFG and SHUAA will bring customers a pan-regional, one-stop financial services platform. “The combined business will benefit from considerable synergies, an expansive distribution network and a deep pool of talent. All of this will help drive the business performance and create real and long-term sustainable value for shareholders of both companies.” Fawad Tariq Khan, SHUAA CEO.