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Shuaa, profit up 209%
- United Arab Emirates: Wednesday, April 27 - 2005 at 15:34
Shuaa Capital has reported a profit of $61m for the fiscal year ending 31 March 2005, a 209% increase over last year. Consolidated revenues grew 137% to $91.5m and total assets managed by the investment bank had increased by 203% to $1.5bn at the end of March. Growth was demonstrated across all business activities, and strategic acquisitions in the UAE, Oman and Qatar are contributing strongly to overall profits, according to CEO Iyad Duwaji.
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James McInerney, News EditorWednesday, April 27 - 2005 at 15:34 UAE local time (GMT+4)
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