Emirates NBD share rose 0.54%, to reach price of 9.15 dirhams during trading session on Wednesday, after news that 800 employees were dismissed to meet the needs of the business sector.
According to Arabeya Net, market investors implemented one deal on 1,000 shares, worth AED 9.15 thousand.
Informed sources revealed that Emirates NBD, the largest bank in Dubai, has cut hundreds of jobs during the current week due to the Corona pandemic crisis and its significant impact on the economy and the financial services sector In particular.
One source mentioned that Emirates NBD cut about 10% of its employees, equivalent to about 800 employees.
The bank assured Reuters that the job cut process comes with the goal of reaching the right size of employees to meet future business requirements.
