Dubai – Mubasher: The CEO of Shuaa Capital, Jassim Alseddiqi, has purchased a stake of 537.406 million shares in the company through a special deal, according to the company's disclosure to the Dubai Financial Market (DFM) on Thursday.

After buying the stake in Shuaa Capital, Alseddiqi directly holds 27.55% of the company's share capital.

It is noteworthy to mention that in the first nine months of 2020, the company has achieved net profits of AED 63.59 million, when compared to the year-ago period.