Monday 25 May 2015
 
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Jazeera shareholders approve $66m cash dividends

Shareholders of Kuwait-based Jazeera Airways Group today approved a board proposal for the cash distribution of KD20 million ($66 million) as special dividend for the year 2014. The proposal was approved during the company’s

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The cost of CEO turnover

While CEO turnovers at big public companies are inevitable and rarely easy, a forced CEO turnover costs a large company $1.8 billion more in shareholder value than a planned turnover, a report said. In terms of shareholder value,

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Jazeera Board recommends record dividend

Jazeera Airways, a Kuwait-based airline, recommended record dividends and payments to shareholders totalling up to KD50 million ($166.4 million) in the form of special dividends for 2014 and a share buyback programme. All payments

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Arab Banking Corporation approves 5pc cash dividend

The shareholders of the Arab Banking Corporation (ABC) have approved a cash dividend distribution of five per cent of the issued share capital ($0.05 per share), amounting to $155.5 million. The dividend was recommended by the ban

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CBQ shareholders approve up to $1bn capital raising

Shareholders of Commercial Bank of Qatar (CBQ) have approved the issue of up to $1 billion in capital-raising instruments, the bank said on Thursday. The annual shareholders' meeting of the Gulf Arab state's second-largest

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UDC approves 12.5pc cash dividend distribution

United Development Company (UDC), a leading Qatari shareholding company and master developer of The Pearl-Qatar, has approved the distribution of QR442.6 million ($121.4 million) based on 12.5 per cent of the share’s par value - equivalent

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Americana shareholder reviewing its stake

Kuwait Food (Americana) asked for its shares to be suspended on the Kuwaiti bourse on Wednesday after its main shareholder said it was reviewing its portfolio, including its stake in the firm. Americana said Al Khair National for

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Dell wins shareholder OK for $25bn buyout

Michael Dell has clinched shareholder approval for his $25 billion offer to buy and take Dell Inc private, ending months of conflict with the company's largest investors and removing the uncertainty surrounding the world's No.3 PC maker.

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EADS confirms shareholder shake-up talks

Europe's largest aerospace group EADS said it was in talks with major European nations to reach a deal aimed at overhauling a convoluted shareholder structure at the company. The Airbus parent company said it was in talks on t

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Ithmaar says strategic moves paying off

Ithmaar Bank remains firmly committed both to its shareholder and to Bahrain, and has delivered on promises it made last year by significantly increasing its income and expanding its retail banking network despite last year' challenges, said a sen

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