Goldilocks Investment Company Limited, the investment fund established in July 2015 and headquartered in Abu Dhabi Global Market and managed by Shuaa GMC Limited, which is subject to the Financial Services Regulatory Authority in the Abu Dhabi Market and a subsidiary of Shuaa Capital, today announced that it has registered – By the end of the third quarter of 2021 – a net return of 158% since the establishment of the fund; It is a superior performance compared to the total return of the Standard & Poor’s Arab stock index of 52%, the total return of the “Morgan Stanley Capital International Emerging Markets – UAE” index of 16%, and the total return of the “Morgan Stanley Capital International Stock Index” of 89% for same period.
During the first nine months of 2021, the Goldilocks Fund achieved a total return of 35% compared to the total return of the Standard & Poor’s Arab Stock Index of 32%, the total return of the Morgan Stanley Capital International Emerging Markets – UAE Index of 36%, and the return The total MSCI World Index of 13%. Moreover, the cash dividends received in the first half of 2021 from the Fund’s core investments for the fiscal year 2020 were the highest since its inception, which shows its high ability to generate liquidity and the strength of the fund’s portfolio companies.
Among the top performers in the Goldilocks managed portfolio were Dana Gas (total return of 59% to date), GFH (total return of 26% to date) and some other equity and sukuk investments. The fund also continued its constructive approach to collaborating on investor-focused campaigns such as its successful opposition to the restructuring of the Emirates REIT sukuk in June 2021.
This year, Goldilocks launched several new investments, including investing in high-tech companies, and also participated in major listings on the Abu Dhabi Securities Exchange. The Fund continues to leverage its strong balance sheet and liquidity to identify investment opportunities with strong cumulative returns that focus on high value and corporate financial performance recovery.
With a long-term investment strategy focused on seizing opportunities, the Fund continues to generate long-term profitable returns through direct investment in stocks and other undervalued opportunities. The Fund continues to exercise its constructive and active role by supporting these assets to turn towards profitability and increase value for shareholders in its portfolio companies, which include GFH, Dana Gas, Salama Insurance, Eshraq Investments and other investments.