Dubai Financial Market Issues A decision on Sudanese Bank

Agencies – Sudan Events

Dubai Financial Market revealed today Thursday the transfer of shares of Al Salam Bank Sudan to the second category, effective today.

According to a statement issued by the market, the transfer decision came based on the decision of the Chairperson of the Authority’s Board of Directors No. (13) of 2020 regarding procedures for dealing with troubled listed public joint-stock companies.

It worth mentioning that Al Salam Bank Sudan shares have been suspended from trading since May 2023, for failure to disclose its financial statements for the first quarter of 2023.