Saudi Arabia's Abdullah Abdul Mohsin Al Khodari Sons has withdrawn its application with the Capital Market Authority for a capital increase due to current market conditions, it said in a statement on Monday.
The builder in Nov
Gulf Warehousing Company, a leading logistics provider in Qatar, said it has won approval from the shareholders for increasing its capital through a new rights issue.
The announcement was made at the end of company’s extraor
Royal Jordanian (RJ), the flag carrier of Jordan, plans to raise its capital by JD200 million ($281 million) through a rights issue in line with a strategic plan drawn to restructure the company.
The restructuring of the capital w
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