Qalaa Holdings, one of Egypt's largest investment companies, has approved a share swap with subsidiary companies that equates to a EGP1.7 billion ($223 million) capital increase, two informed sources told Reuters on Saturday.
National Commercial Bank, Saudi Arabia's biggest bank by assets, plans to boost its capital by 5 billion riyals ($1.3 billion) through conversion of its retained earnings into capital, it said in an emailed statement on Tuesday.
Arabtec, Dubai's largest listed construction firm, said on Wednesday it had dropped plans for a second phase of a planned $1.3 billion rights issue and capital hike, after reporting a jump in third-quarter net profit.
Kuwait Finance House (KFH), the Gulf state's largest Islamic lender, will recommend a 20 percent capital hike to shareholders, the company said in a bourse filing on Tuesday, which will help boost capital ratios and fund ex
Ahli Bank, Qatar's seventh-largest listed lender by market value, plans to raise its capital by 20 per cent through a rights issue starting later this month, the bank said in a statement on Tuesday.
This will raise about QR448.5 mil
Kuwait's luxury air carrier Wataniya Airways, which ceased operations in March, has cancelled plans for a KD15 million ($54.64 million) capital hike, it said on Tuesday.
Wataniya Airways, a regional luxury airline that launched in 2009
Kuwait's Global Investment House got shareholder approval to scrap its capital hike plan, saying regional conditions were not ripe to proceed.
Global's shareholders had approved a 76 percent capital hike worth 100 million dinars last
Abu Dhabi's Aabar Investments has raised its capital by 912.8 million dirhams ($248.6 million) through bonus shares and conversion of convertible bonds.
Aabar, which has stakes in Daimler and Virgin Galactic, increased its capital to 4
Shareholders of Kuwait's top developer Al Mazaya Holding approved on Wednesday a capital hike worth 14.98 million Kuwaiti dinars ($51.48 million), the firm said.
Mazaya will increase its capital by 30 per cent by issuing 149.8 million
Shareholders of Kuwait's leading developer Al Mazaya Holding are set to vote on a capital hike worth 14.98 million Kuwaiti dinars ($51.48 million), the firm said.
Mazaya seeks to increase its capital by by 30 percent by issuing 14