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Shuaa Capital losses lead to ‘rigorous cost controls’ and cuts Dania Saadi
Shuaa Capital plans to cut further costs after swinging to a loss in the second quarter, as it earmarked Dh56.9 million as provisions for its SME lending business, the Dubai investment bank said yesterday. Net losses in the three months to June 30 reached Dh50.8m, compared with a net profit…
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