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FINANCIAL NEWS
UAE SHUAA Capital revenues to increase at USD 48.5mn
14 Feb 2016
(MENAFN) SHUAA Capital’s incomes for the whole year touched USD 48.5mn compared to USD 58.1mn in 2014, and the Co. recorded total loss of USD 51.79mn.
Furthermore, for Q4 of 2015, the firm reported revenues of USD 10.91mn, introducing a 58 percent grow compared to USD 6.91mn in Q4 of 2014.
However, the difficult market situations trailed by the decline in oil prices, global economic instability and political uncertainty in the area seen over the course of 2015.
In addition, the majority of the loss registered in 2015 referred to Gulf Finance, the SME Lending business, which set aside provisions of USD 42.07mn against bad loans.
More News
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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