SHUAA shareholders mull closure

Shareholders will vote today on the Dubai-based bank's fate; last month, they unanimously opted to keep the company a going concern.

Shareholders of investment bank SHUAA Capital will vote whether “to continue or dissolve the company” at its extraordinary general meeting today, according to an invitation for the meeting.  

SHUAA Partners, the bank’s private equity wing, held a $240 million first close on SHUAA Saudi Hospitality Fund I in August 2008.

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