Shuaa Logo

Our History

SCSA was licensed by the Capital Market Authority (CMA) in the Kingdom of Saudi Arabia on the 21/03/1428 H corresponding to 09/04/2007 G under license no 07056-37 and under the Commercial Registration number 1010243538 dated 21/01/1429 H, to conduct the activities of Dealing as Principal, Underwriting, Managing, Arranging, Advisory and Custody with respect to Securities. SCSA commenced its official operations in accordance with the commencement approval letter received from the Capital Market Authority of Saudi Arabia on the 27/02/1429 H corresponding to 05/03/2008 G

2007

Licensed by the Capital Market Authority of Saudi Arabia which (License no. 07056-37) 

2008 

Commenced its official operations which coincided with the Global financial markets meltdown. 

2009 

Closed the SR 535 million equity raising for its SHUAA Saudi Hospitality Fund I in partnership with Rotana Hotel management Corporation PSJC.

2011 

Closed the SR80 million Jeddah Centro Fund I

2012 

Started the development of the Jeddah Centro project

Closed the SR 125 million Dammam Rayhaan Fund I

2013 

Started the development of the Riyadh Centro project

Secured debt financing for all 3 hospitality projects for a total amount of SR 366 million

2014

Established the GCC Real Estate Fund for an amount of SR 175 million

Started the development of its Dammam Rayhaan project

2015 

Exited the GCC Real Estate Fund at an IRR 125 %to investors.

Placement Agent for $60 million in equity raising for Cayan Real Estate Development Fund I

2016 

Closed the SR600 million raising for the SHUAA Wadi Al Hada Fund

Opening of Centro Shaheen Jeddah

2017 

Opening of Centro Waha Riyadh

Secure debt financing of SAR 731 million for SHUAA Wadi Al Hada Fund I

2018 

Commencement of mobilization works for SHUAA Wadi Al Hada Project

Secured refinancing of Jeddah Centro Fund I of SAR 98.5 million

Secured SAR 430 million for Cayan Real Estate Development Fund I

Shuaa -wall
Back to top