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SHUAA Capital (DFM: SHUA.DU) notes recent media speculation concerning potential acquisitions.
The Company confirms that it is in discussions with a number of possible target companies in the MENA region. Negotiations are at different stages and may or may not result in one or more acquisition.
SHUAA Capital has outlined in previous statements to the market that it intends to use its strong balance sheet and solid cash position to invest in organic and inorganic growth. The Company expects that any potential acquisition would boost its revenues and create cost synergies that will have a positive impact. SHUAA Capital believes that the current economic environment provides an opportune time for it to play a major consolidator role in the region.
SHUAA Capital will make further announcements in this regard when appropriate.
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