SHUAA Capital PSC 2024 AR2
The report highlights SHUAA Capital's financial performance and sustainability initiatives for the fiscal year 2024. The company reported operating revenues of AED 89 million and a net loss of AED 299 million, showing a significant reduction in losses compared to the previous year. Key achievements include securing an agreement with noteholders to restructure its USD 150 million bond and obtaining a covenant waiver on its term loan. On the sustainability front, SHUAA aligned its strategy with the UAE's Net Zero by 2050 initiative, committing to achieve net-zero emissions across its real estate projects in the UK and UAE by 2035. Additionally, the company maintained a diverse workforce representing 19 nationalities and achieved 20% female representation on its Board of Directors.
Company: SHUAA Capital PSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2024
Type: AR2
Pages: 109
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SHUAA Capital PSC
Annual Report
The report highlights SHUAA Capital's financial performance and sustainability initiatives for the fiscal year 2024. The company reported operating revenues of AED 89 million and a net loss of AED 299 million, showing a significant reduction in losses compared to the previous year. Key achievements include securing an agreement with noteholders to restructure its USD 150 million bond and obtaining a covenant waiver on its term loan. On the sustainability front, SHUAA aligned its strategy with the UAE's Net Zero by 2050 initiative, committing to achieve net-zero emissions across its real estate projects in the UK and UAE by 2035. Additionally, the company maintained a diverse workforce representing 19 nationalities and achieved 20% female representation on its Board of Directors.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Net Zero Target