Shuaa Capital says no resolution on material matter at board meeting

Dubai: Shuaa Capital said on Sunday it did not resolve any material matter at the board meeting held last week.

In a statement posted on the Dubai Financial Market’s website, the company said it held a board meeting on March 24 to discuss routine business issues as mentioned earlier.

Shares of Shuaa Capital jumped as much as 7.5 per cent in early trade, before trading half a per cent lower at Dh0.54. In 2015, company posted a fall in revenues to Dh178.2 million and swung into a loss.