10 Jan 2012
(MENAFN) Dubai-based Shuaa Capital continued its restructuring plan to lower costs reducing its research department by making five staff members redundant and redeploying others, Bloomberg reported.
The step is part of Shuaa Capital’s plan to give up the retail brokerage business after markets in its home base declined and losses mounted.
CEO Michael Philipp said in October Shuaa plans to shift focus to its asset management and advisory business, and expand it in Abu Dhabi, Saudi Arabia and Kuwait.
He added that the company will focus on high net-worth family businesses and small- to medium-sized companies as well as institutional clients.
The company had a third-quarter loss of USD42.5 million after booking provisions.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more