SHUAA to act as liquidity provider to Bank of Sharjah

Dubai: Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4.

SHUAA Capital International shall not hold more than 5 per cent stake in the bank at any point, Bank of Sharjah said in a statement posted on Abu Dhabi Securities Exchange’s website.

Bank of Sharjah’s net profit for 2017 fell 34 per cent to Dh265 million. Total assets stood at Dh30 billion, up 13 per cent, while total loans and advances were at Dh17 billion.