Shuaa delays Q3 results disclosure

Dubai-based investment bank Shuaa Capital on Monday announces that it has delayed disclosure of its third quarter results following appoint of new CEO.

A press statement said that a board meeting was held on November 13 but adjourned till November 17 to further discuss the interim financial statement.

“In light of strategic and operational discussions at the board meeting and their potential bearing on the third quarter 2011 financial results, the Board of Directors, and in particular the recently appointed new CEO, required additional time to further consider the financial statements prior to their approval. “