Al Ramz Corporation Investment and Development P.J.S.C. (DFM:ALRAMZ) agreed to acquire Market Making Businesses of SHUAA Capital PSC (DFM:SHUAA) on January 15, 2020. The board of SHUAA Capital approved the transaction.

Al Ramz Corporation Investment and Development P.J.S.C. (DFM:ALRAMZ) completed the acquisition of Market Making Businesses of SHUAA Capital PSC (DFM:SHUAA) on February 10, 2020. Cn September 8, 2019, SHUAA sold its Securities brokerage unit ito IHC RSC Ltd, a subsidiary of International Holdings Company (IHC). Both transactions were completed under the terms of an all-cash deal with a total deal value of AED 100 million.