Dubai – Mubasher: Shuaa Capital announced that one of its subsidiaries abroad has signed an agreement to manage an investment portfolio of assets at a value of around $400 million.

The agreement will lead to an increase in the value of the assets under management (AUM) of Shuaa Capital and its subsidiaries to $13.4 billion, according to the company’s disclosure to Dubai Financial Market (DFM) on Tuesday.

The company added that the agreement will generate various revenues including annual management fees and other potential fees, based on the portfolio’s performance.