SHUAA Capital, a Dubai-based integrated financial services firm, has announced it owns 14,491,378 shares in Kuwait-based Amwal International Investment (Amwal) representing about 8 percent of the company. Furthermore Gulf Finance Corporation, a SHUAA Capital subsidiary, owns about 3 percent of Amwal.
Amwal is a Kuwait-listed investment firm whose primary investment includes a 51 percent 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.
SHUAA is the largest active market maker in the UAE and recently announced its continued growth and support of the Nasdaq Dubai Futures Market, which recorded a 76 percent increase in trade month on month in June.
SHUAA Capital acquires stake in Kuwait-based Amwal
SHUAA Capital acquires stake in Kuwait-based Amwal
German Minister of Economy and Energy visits Juffali Industrial Business Park in KAEC
Juffali recently welcomed German Federal Minister of Economy and Energy Katherina Reiche, during an official visit to the Juffali Industrial Business Park in King Abdullah Economic City, in the presence of Khaled Juffali, chairman of Juffali, and senior executives. The visit, on Feb. 2, marks a significant milestone in strengthening Saudi–German industrial cooperation.
Covering a total land area of 400,000 square meters, the business park serves as a strategic platform for advanced manufacturing and industrial localization in the Kingdom. The visit highlighted key joint industrial projects developed in collaboration with leading global partners, reflecting a shared commitment to long-term investment, technology transfer, and local value creation.
The official program included welcoming remarks and ceremonial milestones, during which Liebherr laid the foundation stone for its factory, while Juffali Industrial Products Company and National Automobile Industry placed the cornerstone for their manufacturing facility, symbolizing the advancement of two flagship industrial projects within the business park.
The Juffali Industrial Products Company and National Automobile Industry facility will have an annual production capacity of 6,000 trucks, while Liebherr’s plant is designed to produce up to 1,000 concrete mixers annually. Both facilities will operate with 100 percent local assembly and manufacturing in Saudi Arabia, reinforcing the Kingdom’s localization agenda and supporting the development of national industrial capabilities.
These projects represent a significant addition to Saudi Arabia’s industrial ecosystem and align closely with the objectives of Saudi Vision 2030, supporting sustainable industrial growth, job creation, and high-value manufacturing.
Khaled Juffali reaffirmed Juffali’s commitment to expanding international partnerships and contributing to the Kingdom’s economic diversification through long-term industrial collaboration with leading global partners, further strengthening KAEC’s position as a regional hub for advanced manufacturing.
