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SHUAA Capital announced its latest results as an independent company following the merger with Abu Dhabi Financial Group. The company recorded a loss of AED 31.6 million in the second quarter of this year, compared to a profit of AED 14.6 million in the same quarter of 2019.
SHUAA losses for the first half of 2019 amounted to 56.6 million AED, offset by a profit of 26.3 million from AED in the first half of 2018.
The company has charged losses on the merger with Abu Dhabi Financial Group and its exposure to the 2016 legacy investment provisions.
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