Press releases, Reports & Disclosures for Invest Bank

The document is a report prepared in accordance with the SCA Board of Directors’ Decision No.(3Z/R.M.) of 2019, which requires companies with shares listed on the market to disclose information when their accumulated losses reach 20% or more of their paid-up capital. The report is about Invest Bank PSC, whose accumulated losses have reached 26.05% of its paid-up capital, amounting to AED 834,219 thousand. The losses primarily occurred due to loan impairments and were first reported in Q1 2018. To address these losses, the bank wrote off accumulated losses of AED 2.1 billion as part of a remediation plan, increased its share capital by AED 2.6 billion in September 2023, and aimed to increase operating revenues through banking operations.