Dubai's largest investment bank to close?
There is worry in the air. Can you smell it? Can you actually believe it? Well Wednesday is D-Day:
Dubai-based investment bank Shuaa Capital SHUA.DU said shareholders will meet on Wednesday to decide whether it would continue operations or be dissolved, adding that it has enough equity to carry on.
Can you actually believe that Shuaa has to go through this? Fine it has made a loss, but due process means that it needs to jump through the hoops. They've jumped before, and they'll jump again, but to close - that would be ludicrous and another nail in the coffin in Dubai's
If you are a shareholder and voting, you are no doubt voting for it to remain. Downturns are all about staying in the game, and if you weather the storm, you will be victorious at the other side.
Fingers crossed.
Dubai's Shuaa to vote on whether to shut down
Dubai-based investment bank Shuaa Capital SHUA.DU said shareholders will meet on Wednesday to decide whether it would continue operations or be dissolved, adding that it has enough equity to carry on.
Can you actually believe that Shuaa has to go through this? Fine it has made a loss, but due process means that it needs to jump through the hoops. They've jumped before, and they'll jump again, but to close - that would be ludicrous and another nail in the coffin in Dubai's
If you are a shareholder and voting, you are no doubt voting for it to remain. Downturns are all about staying in the game, and if you weather the storm, you will be victorious at the other side.
Fingers crossed.
Dubai's Shuaa to vote on whether to shut down
Labels: shuaa capital
posted by grapeshisha at
2:19 AM
1 Comments:
they were given the breath of life!
Post a Comment
Subscribe to Post Comments [Atom]
<< Home