Abu Dhabi's ADFG, Al Mal Capital among Shuaa Capital bidders

May 31, 2016 2:52 PM

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DUBAI May 31 Abu Dhabi Financial Group and Al Mal Capital are among the bidders for Dubai Group's 48.4 percent stake in Shuaa Capital, sources familiar with the matter told Reuters.

Dubai Group, a unit of Dubai Holding, the investment vehicle of the emirate's ruler, is in the process of selling its holding in Dubai investment bank Shuaa to raise funds to meet repayments under its $10 billion debt restructuring.

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