Thursday 29 January 2015
 
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capital

ADIB eyes capital boost after Q4 profit growth

Abu Dhabi Islamic Bank said on Sunday it planned to boost its capital base to help support future growth, after setting aside less cash for bad loans helped it post a 19.3 per cent rise in fourth-quarter net profit. Banks in the U

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Saudi British Bank eyes $4bn capital boost

The board of Saudi British Bank, an affiliate of HSBC Holdings, has recommended boosting the bank's capital by 50 per cent to SR15 billion ($4 billion) through an issue of bonus shares, it said on Wednesday. One bonus share wo

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NCB Capital wins best ‘Research House’ award

NCB Capital, a leading provider of wealth management services in the GCC and Saudi Arabia’s largest asset manager, has been named the best overall ‘Research House’ in the annual Euromoney Middle East Equity Research awards for

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Zain Saudi proposes capital reduction to shareholders

Zain Saudi, a Saudi Arabian telecommunication operator, has proposed a capital reduction to shareholders to eliminate all accumulated losses up to September 30, the company said in a statement on the kingdom's bourse. The move

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Saudi builder Al Khodari proposes $133m capital hike

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons has proposed raising its capital by SR500 million ($133 million) through a rights issue and will use the money to expand its business, the builder said on Tuesday. The c

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Saudi builder Al Khodari proposes $133m capital hike

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons has proposed raising its capital by SR500 million ($133 million) through a rights issue and will use the money to expand its business, the builder said on Tuesday. The c

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GFH completes capital reduction plan, cuts losses

Bahrain-based Gulf Finance House (GFH) has completed a capital reduction plan, a move that helps the Islamic investment firm to cut accumulated losses, it said in a statement on Wednesday. It had received approval from the Bahrain

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Trust Re increases paid-up capital to $170m

Trust International Insurance and Reinsurance Company (Trust Re) has increased in its paid-up capital, from $140 million to $170 million, which reflects the doubling of its authorised capital to $200 million in June last year. The

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Sedco Capital eyes $300m Europe real estate deal

Jeddah-based Islamic investment firm Sedco Capital plans to arrange a club investment of up to $300 million in European real estate, and will soon distribute its Luxembourg fund range via two European investment firms, its chief executive said.

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Sedco Capital eyes $300m Europe real estate deal

Jeddah-based Islamic investment firm Sedco Capital plans to arrange a club investment of up to $300 million in European real estate, and will soon distribute its Luxembourg fund range via two European investment firms, its chief executive said.

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