Jassim Al Seddiqi, managing director of Shuaa Capital Group, said that his ownership in Shuaa is 29.9%, adding, “I intend to keep this stake in the future.”
In an interview with Al Arabiya, Al-Siddiqi explained that Shuaa Capital was merged with the Abu Dhabi Financial Group in 2019, indicating his transformation from the company’s presidency to the membership of the Board of Directors.
He added that The acquisition of Allianz Maritime and Logistics Services It was made through an investment fund launched by Shuaa in the year 2020.
He stated that this fund is dedicated to acquiring companies in energy services, adding: “We started acquiring Stanford Marine in late 2020, in addition to acquiring Allyaz at the beginning of this year, and we completed the deal last week.”
Seddiqi explained that the combined entity of Stanford Marine and Allianz will result in an entity with a value of more than $100 million, and that this entity will be the fourth largest fleet of offshore oil and gas services in the world, and the largest in the Arabian Gulf region.
And my friend continued, “A few years ago we invested in energy because it is an important hedge for the upcoming inflation in the future.”
Siddiqui believes that the world has not yet reached the peak of inflation, adding: “We may be at the beginning of inflation spikes, and the future is not positive for inflation, amid expectations of a higher increase over time.”
My friend stated that the world has been living in the low interest rate market for the past 12 years, so economic solutions will not work within a year or two, expecting inflation to continue for a period ranging from 3 to 5 years.
He indicated that the company focuses on investing in the real estate and energy sectors, because these areas benefit from the rise in commodity prices and inflation in the world.