Tuesday 31 March 2015
 
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capital

Khaleeji Commercial plans to reduce paid up capital

Shareholders of Khaleeji Commercial Bank (KHCB) have approved reducing the bank's paid up capital by 13.36 per cent, from BD115.4 ($303.8 million) to BD100 million through decreasing the number of shares from 1.1 billion to 1 billion shares,

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Sico approves 9pc cash dividend

Securities and Investment Company (Sico), licensed by the Central Bank of Bahrain (CBB) as a conventional wholesale bank, has approved the payment of a cash dividend of BD3.86 million ($10.1 million), representing nine per cent of the paid-up ca

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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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Egypt's $300bn project: A new capital or a pipedream?

It is a project as ambitious as Egypt's ancient pyramids. Built from scratch to escape Cairo's choking pollution, a planned new capital will feature an airport larger than London's Heathrow, a building taller than Paris's Eiffel

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Egypt's $300bn project: A new capital or a pipedream?

It is a project as ambitious as Egypt's ancient pyramids. Built from scratch to escape Cairo's choking pollution, a planned new capital will feature an airport larger than London's Heathrow, a building taller than Paris's Eiffel

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AlKhair Equity Fund ranks among highest in Saudi

AlKhair Capital, a leading Saudi Arabia-based investment institution, has been ranked sixth among the highest growing mutual funds in Saudi Arabia last year. AlKhair’s Equity Fund was valued at 46.62 with more than 12 per ce

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Saudi builder Khodari eyes capital boost

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons said it expects to submit its proposal for a capital increase to the market regulator by the end of the second quarter of this year. The builder had announced last Novem

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Al Tayyar Travel to hike capital by 33pc

Saudi Arabia's Al Tayyar Travel Group said on Thursday its shareholders agreed to raise its capital by 33.3 per cent via bonus shares to help fund its expansion plans. The company will increase its capital to SR2 billion ($533

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Al Tayyar Travel to hike capital by 33pc

Saudi Arabia's Al Tayyar Travel Group said on Thursday its shareholders agreed to raise its capital by 33.3 per cent via bonus shares to help fund its expansion plans. The company will increase its capital to SR2 billion ($533

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Sedco Capital plans to start feeder fund

Jeddah-based Islamic investment firm Sedco Capital plans to launch a Luxembourg feeder fund for its Gulf money market fund and is exploring ways to offer a Saudi-specific product to international investors, its lead fund manager said.

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