Shuaa Capital, the UAE’s premier integrated financial services firm, today announced that it has acquired a stake in Kuwait-based Amwal International Investment.

Shuaa said it owns 14,491,378 shares in Amwal, representing about 8 per cent of Amwal.

Furthermore Gulf Finance Corporation, a Shuaa Capital subsidiary, owns about 3 per cent of Amwal.

Amwal's primary investment includes a 51 per cent stake in Noor Capital Markets, an online trading platform providing access to clients seeking to invest in CFDs (Contracts for Difference), Futures, Metals and Currencies.

Fawad Tariq-Khan, general manager of Shuaa Capital, said: “This is one of several strategic investments that build upon Shuaa’s evolution strategy, and helps take the region’s financial services landscape to a new level. We see potential for great value in Amwal and synergies between our capital markets offering and access to Noor Capital Markets trading platform.”

Shuaa Capital has been expanding its capital markets platform both through its recent agreements to acquire Integrated Securities and Integrated Capital as well as expanding its offerings to clients.  - TradeArabia News Service