Dubai-listed investment bank Shuaa Capital is still in the final stages before its first blank-check company can be listed on the Nasdaq in the United States, but the bank is already eager to launch more SPACs in the near future, CNBC reports.
“The intention is to raise the other SPACs within quick succession,” said Fawad Tariq Khan, managing director and head of investment banking at Shuaa Capital. In 2021, the bank said it wanted to set up three such companies with capital of $200 million each. Read more.
