Abu Dhabi (Etihad)
Shuaa Capital’s net profit during the first quarter of this year amounted to 6 million dirhams, compared to 25 million dirhams in the first quarter of 2021. Excluding the effects of reducing the value of intangible assets, the value of net profits on the basis of similar measurement is 37 million dirhams, and profits before interest and taxes are increased And depreciation and depreciation reached 83 million dirhams, compared to 75 million dirhams in the first quarter of last year, and compared to its negative value in the fourth quarter 2021, which amounted to 18 million dirhams. These positive results reflect the continued strong performance of the Group’s core revenue.
In 2021, the Group closed the non-core assets unit and transferred its remaining assets to the Principal Investment Portfolio to ensure its continued management with the Group’s other investments.