The new SPAC intends to focus its search on a target with prospective operations within the technology and / or tech-enabled financial services sectors, across the high growth markets of the Middle East, North Africa, and Turkey region. SHUAA Partners I is led by CEO Fawad Tariq Khan, and CFO Mohammed El Beitam.
Total SPAC deal count for 2022 year-to-date is now 47. This offering is expected to close on Friday, March 5.
BTIG, LLC is acting as sole book-running manager for the offering and I-Bankers Securities, Inc. is acting as co-manager. Baker Botts L.L.P. is serving as Issuer’s Counsel with Kirkland & Ellis L.L.P. serving as Underwriter’s Counsel. BDO USA, LLP serves as an auditor. Continental Stock Transfer & Trust Company is acting as trustee.