Souqalmal: SHUAA Capital acquires majority stake in Souqalmal
UAE-based investment firm SHUAA Capital has acquired a majority stake in UAE-based fintech Souqalmal for an undisclosed amount. SHUAA is set to join the company's existing strategic investors; Riyad Capital and UK-based comparison website GoCompare.
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Souqalmal is a Dubai-based fintech platform that allows users to search for online banking and insurance products.
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