SHUAA Capital psc reported accumulated losses of AED 946 million for the 2025 fiscal year, representing 25.85% of its capital.
The losses were primarily driven by fair value impairments and receivable write-offs related to UK investments, legacy real estate assets, and public market securities.
Financial results were further impacted by the recognition of a deferred tax liability due to UAE corporate tax law and valuation adjustments from the company’s associates and land holdings.
To address the losses, the company is revamping its business through new investment fund launches, re-activating its investment banking platform, and implementing a lean operating structure for cost efficiency.