Thursday 24 July 2014
 
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Qtel to raise stake in Asiacell's Iraq share offer

Qatar Telecom (Qtel) will raise its 53.9 percent stake in subsidiary Asiacell as part of the Iraqi firm's $1.35 billion share sale, the largest ever stock listing on the Baghdad bourse, an exchange official said on Thursday. Q

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Kingdom Holding takes over KHI

Kingdom Holding Company (KHC), the investment firm of Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, said it has successfully taken over Kingdom Hotel Investments (KHI) after 94 per cent shareholders accepted its $5 per share offer.

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Dubai Financial declines share offer: Bank Islam

Dubai Financial Group (DFG), a global financial services company, has refused an offer to buy preference shares in Malaysia's Bank Islam, in which it holds a 40 per cent stake, the Malaysian lender said on Thursday. Bank Islam, which is Ma

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