Dubai’s Shuaa Capital reports fourth consecutive profit rise | The National:
"Shuaa Capital, Dubai’s oldest investment bank, reported a fourth consecutive quarterly profit amid a rebound in capital markets.
Net profit increased to Dh8.2 million from a loss of Dh5.9m in the same period the previous year, it said. Revenues increased 77 per cent to Dh64m as net fees and commissions advanced 135 per cent to Dh15.8m from Dh6.7m. Shuaa released its unaudited first quarter results on April 13.
“We are seeing an improved investment banking pipeline and a larger pool of companies wanting to go public, improving the possibility of more transactions being executed by Shuaa,” said Sheikh Maktoum bin Hasher Al Maktoum, the executive chairman of Shuaa Capital. "
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