Shariah Capital, an Islamic asset management firm based in the United States, is to delist from London's Alternative Investment Market (Aim) after a seven-year string of losses.
Topic Islamic finance Finance
The hedge fund manager, which operates in the Middle East and has reported annual losses every year since 2005, said in a market message it would seek a cancellation of the shares.
"In the directors' opinion, the Aim quotation has not provided the company's shareholders with a liquid, or even semi-liquid, market for its common shares."
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