Linklaters advises on landmark UAE merger between SHUAA Capital and Abu Dhabi Financial Group

Linklaters acted as legal advisors to SHUAA Capital (SHUAA) on its merger with Abu Dhabi Financial Group (ADFG), one of the first of its kind under the UAE Commercial Companies Law.

 

The merger was implemented via the “strategic investment” route under the UAE CCL and involved the transfer of the entire issued share capital of ADFG in exchange for the issuance of new shares in SHUAA.

The transaction closed on 4 August 2019 following the admission of 1,470,720,000 new shares on the DFM representing 58% of SHUAA’s issued shares. 

 

The Linklaters team was led by UAE-based partners, Scott Campbell and Nick Edwards, with support from managing associates Abeer Jarrar, Faysal Lassas and Claire Neil.