Over the past two decades, the United Arab Emirates (“UAE”) has acquired a richly deserved reputation as a dynamic business environment for investment, and a great place to buy, or to establish, a business.
SHUAA Asset Management (SAM) is the asset management division of SHUAA Capital psc. It offers a broad range of asset management services in conventional and Shariah-compliant forms, covering 12 countries in the Arab world. SAM currently manages six proprietary open-ended funds targeting the Arab region, which give regional and international investors access to the Arab stock markets under its coverage. It also manages six third-party investment funds sponsored by leading financial institutions in the Arab region and offers discretionary portfolio management services. Assets under management as at 31 March 2006 stood at AED6.12 billion (US$1.6 billion).