Shuaa Capital reported a net loss of AED27.5mn for 1Q16, up from a loss of AED1.6mn a year ago. The company’s revenue grew 3.2% Y-o-Y to AED45.5mn. The company’s subsidiary, Gulf Finance, underperformed despite generating better revenue (+18% Y-o-Y) due to increased provisioning against bad loans as SMEs continued to suffer. Dubai Group has hired Emirates NBD to help it find a buyer for its stake in investment bank Shuaa Capital. The sale process is at an early stage and may not result in a deal. Dubai Group holds a 48% stake in Shuaa worth about USD100mn. (Company disclosure, Bloomberg)   Emirates NBD: AED8.16 as of 12 May 2016, Rating: Buy, FV: AED10.00 per share, MCap: USD12,357 million, EMIRATES UH / ENBD.DU