The Central Bank of the UAE (CBUAE) is closely monitoring Invest Bank's financial developments
Last Update: Monday, December 17, 2018 : 09:04 (+4GMT)
Dubai, UAE, December 17, 2018: The Central Bank of the UAE (CBUAE) is closely monitoring Invest Bank's financial developments for some time and has been working with the bank and the Government of Sharjah to develop a plan to strengthen its capital base. In this regard, the Government of Sharjah, is firmly committed to support the bank via a direct equity investment and this plan will be presented at the bank's AGM scheduled for the 29th December 2018 for approval.
In the meantime, the CBUAE will support Invest Bank with all the available liquidity facilities, which remain at Invest Bank’s disposal; if, and when, needed.
Previous Article
Union Insurance signs agreement with DEWA to provide exclusive di...
Next Article
UAE, Saudi Arabia using fintech for cross-border settlements
Related Articles More Business & Economy ›
Most Viewed – Last 30 Days
- Fresh Skin, Glazed Brows: Benefit Cosmetics Has Your Spring Beauty Mood Covere... [1941-Views]
- Beauty Spring Cleaning with Benefit Cosmetics!... [1343-Views]
- RTA Announces Service Hours During Eid Al-Adha Holiday 1447 AH / 2026... [1274-Views]
- Lucky Day Draw Records Second Grand Prize Win as Nepalese Player Claims AED 30... [1235-Views]
- Uae Pavilion At Expo 2025 Osaka Highlights Youth Ambassador Programme At Keio ... [1233-Views]
- H.E. Abdulla bin Touq and FICCI Arab Council discuss strategic expansion of In... [1102-Views]
- Emirates Skywards launches global ‘Season of Rewards' campaign for members wor... [1074-Views]
- Skincare in Disguise: Meet the SHEGLAM Hideaway Full-Coverage Concealer... [1074-Views]
- Dream Dubai Awards Its Largest Ever Grand Prize of AED10 Million to Civil Defe... [1070-Views]
- The International Exhibition for National Security and Resilience 2026 conclud... [1062-Views]
- 'Make it a Dubai Summer' with the Most Value-Packed Edition Ever of DSS: Enjoy... [1020-Views]
- “Salik” to Apply VAT on Toll Tariffs Starting 1 June 2026... [1001-Views]
- Incredible Savings, Limited Time: Dubai's 3-Day Super Sale Returns This May wi... [945-Views]
- Everything To Look Out For As GameExpo 2026 Approaches... [937-Views]
- Eid in Dubai: A Spectacular Citywide Line-Up of Cultural Experiences, Entertai... [908-Views]
- Emirati AI Experts Prepare to Lead Implementation of UAE AI Strategy 2031... [868-Views]
- UAE Participates in EBRD Board of Governors Meeting and Reaffirms Support for ... [807-Views]
- 12th Annual Autism Forum advances inclusive practices and collaboration across... [798-Views]
- Danube Properties Expands UK Presence with New London Office, Eyes Wider Europ... [774-Views]
- Riyadh Air Opens Ticket Sales for Daily Service between Dubai, UAE and Riyadh,... [772-Views]
