Comment & Analysis
Investment Banking
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Sharjah's Invest Bank to tap reserves to offset Dh.2.2b accumulated losses
Sharjah’s Invest Bank will dip into its reserves to offset the Dh2.2 billion in accumulated losses sustained by it. It is picking up Dh450.68 million each from the “special” and “legal” reserves, and these would bring down the accumulated losses to 41.3 per cent of issued capital. At the end…
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Click here to read the full story: Gulf News