SHUAA Capital acquires 20% in Orion Overseas...

SHUAA Capital PSC is an investment bank, headquartered in Dubai that has accquired a 20% stake in Orion Holding Overseas SA, a financial services provider, for 193 mil United Arab Emirate dirhams ($ 52.566 mil USD).

Orion Overseas is involved in multi asset-class brokerage, quality asset management and corporate finance.

SHUAA's goal through the accquisition is to expand it's brokerage execution skills to eight markets from three and be the one stop shop in the region across multi-asset class.