Monday 21 April 2014
 
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capital

Citadel Capital to close rights issues on April 9

Citadel Capital, a leading investment company in the Middle East and Africa, has received regulatory approvals to close its capital increase with full subscription on April 9.   The rights issue will bring the fi

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Kuwait's Burgan mulls 30pc capital hike this year

Kuwait's Burgan Bank wants to raise capital this year in order to comply with Basel III regulations and fuel growth, the lender's chief executive said on Monday. "We are discussing this with the central bank," CE

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Al Hilal Bank to hike capital to fuel growth

Abu Dhabi government-owned Al Hilal Bank is considering a capital increase this year to support growth of its operations, its chief executive said on Monday.   The Islamic lender, owned by the Abu Dhabi Investmen

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Mushrif raises capital by $37m

Mushrif Trading & Contracting, a leading civil construction company in the region, said it has increased its capital by KD10.7 million ($37.9 million).   The company’s total paid up capital has reached

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Gulf Capital unit completes IPO offering

Gulf Marine Services, a unit of Gulf Capital - a leading alternative asset managers in the Middle East, has completed its initial public offering on the London Stock Exchange recently.   GMS is the leading operat

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Dow showcases gas treating capabilities at Sogat

The Dow Chemical Company is showcasing its full range of innovations, designed to reduce the capital and operating expenses of the gas processing industry’s assets, at a conference in Abu Dhabi starting today (March 23). &nb

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GCC insurance industry on a stable footing

The GCC insurance industry remains on a stable footing supported primarily by (re)insurers' very strong capital adequacy and generally adequate competitive positions, said a report by Standard & Poor's Ratings Services.

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Shuaa names new non-executive director

Shuaa Capital has appointed Mohammad Kamran Wajid to the company’s board as a non-executive director.   Wajid is currently the chief executive officer of Emirates Financial Services and Emirates NBD Capital.

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Manama named Arab capital for innovations

Manama has been named Arab Capital for Entrepreneurship and Innovation 2014 as a result of its cultural and entrepreneurial expos. It beat competition from 22 other capital cities to gain the title, which was awarded by United Nat

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Sedco Capital names new fund manager

Sedco Capital, a Saudi Arabian asset manager and leading provider of shariah-compliant investment solutions, has appointed Yazan Abdeen as its fund manager. In his new role, Abdeen will provide clients with a fundamentally based i

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