Dubai-based investment bank Shuaa Capital has said it is expanding its credit finance business Gulf Finance Corp (GFC) into Saudi Arabia and may offer a stake in the unit to new investors, Reuters has reported. “It’s the only business that makes money,” said chief executive, Michael Philipp. “We’re starting Saudi immediately. The investment will come from outside shareholders. I can bring brand new money at the Abu Dhabi and Saudi level. It’s probably hundreds of millions of dollars,” he said.