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Islamic Finance Briefing - Categorized | Banking, Performance more

Shuaa books losses on investments

Posted on 12 May 2009

From Gulfnews.com: Dubai-based investment bank Shuaa Capital posted a net loss of Dh197.9 million ($53.88 million) in the first quarter as it booked losses on investments.

“Despite significant efforts to enhance profitability through cost-cutting measures, and focus on growing our fee businesses, book losses from investments still overshadowed the overall results,” the company said in a statement…….Full Article: Source

 
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