Shuaa Capital considers three SPACs as investor enthusiasm finally catches on in MENA

July 6, 2021

Dubai financial services firm Shuaa Capital PSC is considering setting up three blank-check companies of around $200 million each, rapidly opening up a potential boom market for special purpose acquisition vehicles to Gulf investors. Interest is taking off in the Middle East as momentum for the vehicles has waned in the U.S. following lackluster performance and increasing regulatory scrutiny.