Shuaa Capital, the Dubai-based investment bank, reported a third-quarter net profit on Wednesday driven by growth in its core asset management and lending business.
Shuaa made a net profit of 3.6 million dirhams ($980,100) in the third quarter compared with a loss of $3.78m in the corresponding period in 2012.
Revenue for the quarter was $14.92m, up 57 percent from $9.5m in the prior year period.
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