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Abu Dhabi Financial, Shuaa Capital in early merger talks

Published: Updated:

Abu Dhabi Financial Group, an alternative investment firm, and Dubai-listed investment bank Shuaa Capital are in initial discussions to merge, Al Arabiya television reported citing sources.

The company stated that a team of senior executives was formed to review the commercial factors, in addition to the legal and structural aspects of the merger.

Recommendations will be submitted to the board of directors of both institutions.