NBS listed on ADSM

ABU DHABI - The National Bank of Sharjah was listed yesterday on the Abu Dhabi Securities Market (ADSM).

By A Staff Reporter

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Published: Mon 11 Oct 2004, 9:31 AM

Last updated: Thu 2 Apr 2015, 12:37 PM

The company, which has a paid up capital of Dh385.7 million, will increase the market liquidity by adding 154.3 million shares.

Hussein Al Qumzi and Mohammed A Abdullah, Assistant General Manager of NBS attended the simple ceremony held at the ADSM. Nizar Ahmed Al Obaidili, Acting Director General; Khaled Khalfan Al Suwaidi, Acting Manager (Listing); Rashid Al Bloushi, Manager (Clearing, settlement and Depository) and Ghannam Al Mazroui, Manager of Market Quality from ADSM also attended the function.

The bank earned Dh61.3 million as against Dh56 million in the previous year showing an increase of 9.5 per cent. The growth average of the shareholders equity 1.4 per cent with an increase of 11.2 per cent.


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