Dubai’s SHUAA Capital Files with SEC for Potential SPAC Listing on Nasdaq

The company began trading at $10.83 on June 4, 2021. The stock closed today at 76 cents.

The stock was down 55% on Friday from its market debut on the Nasdaq.

In what could be termed as a move to make Indian companies global,  the Ministry of Corporate Affairs (MCA) released a notification permitting certain classes of public companies to directly list on foreign stock exchanges, effective Oct. 30.