Detailed Analysis Accumulated Losses

SHUAA Capital reported accumulated losses of AED 955 million as of Q1 2026, representing 26.11% of its total capital.
The losses were primarily driven by fair value impairments on UK investments and legacy real estate assets, write-offs of receivables, and valuation adjustments from associate companies.
Non-operational factors contributing to the total include the recognition of a deferred tax liability following the implementation of UAE corporate tax and losses in public market securities.
The company plans to address the deficit by launching new investment funds, re-activating its investment banking platform, and implementing a lean operating structure to improve cost efficiency.