Bank Dhofar, Oman's second-largest bank by assets, won shareholder approval for plans to raise its capital by as much as $300 million, including through the issuance of capital-boosting bonds, it said on Saturday.
The lender s
A car bomber rammed the gate of a hotel in the centre of the Somali capital on Friday where some ministers and lawmakers had gathered, and a suicide attacker then blew himself up inside the compound, police officers said.
Gulf Finance House (GFH) said in a statement today that it has completed its capital increase programme aimed towards projects developments and acquisitions.
The programme was approved by the extraordinary general assembly on Apri
Oasis Capital, a Bahrain-based investment firm, has reported net income of $13.2 million for last year.
The company said it was a significant increase over $400,000 in the prior year, reported the Gulf Daily News (GDN), o
Oman's Bank Dhofar is working with National Bank of Abu Dhabi and Standard Chartered as it studies options for raising its reserves including selling a capital-boosting bond, banking sources told Reuters on Tuesday.
Jordan Ahli Bank boosted net profit by 113 per cent to 34 million dinars ($48 million) last year due to capital gains from divesting its Lebanese subsidiary to a Lebanese bank, bank officials said.
Net operating income, including
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
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
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
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.