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Doha Bank seeks to double foreign profits by 2015Doha Bank, Qatar's fifth-largest lender by market value, plans to nearly double its profits from international operations by 2015, mirroring a strategy employed by other Gulf Arab lenders facing intense competition at home. Th More… |
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Doha Bank’s $426m rights issue covered 1.8 timesDoha Bank, Qatar's fifth-largest lender by market value, said on Monday that its rights issue worth 1.55 billion riyals ($426 million) was nearly twice covered by investors. The offer, worth 25 percent of the bank's existi More… |
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Arabtec plans $1.3bn two-phase rights issueDubai-based Arabtec Holding, a leading Mena construction company specialising in complex projects, will raise its share capital through a two-phase rights issue worth Dh4,771 million ($1.3 billion), the company announced today. More… |
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Arabtec tumbles after capital raising plansDubai's Arabtec slumped to a six-week low after the contractor announced it aimed to raise $1.8 billion through a rights issue and a convertible bond. The shares are down 9.8 percent, close More… |
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ENBD Islamic unit plans $408m rights issueThe Islamic unit of Emirates NBD, Dubai's largest listed bank, intends to begin a 1.5 billion dirham ($408 million) rights issue this month. Emirates Islamic Bank (EIB) will increase its cap More… |
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Bank Muscat $251m rights issue coveredBank Muscat, Oman's largest lender by market value, saw its 96.7 million rials ($251.2 million) rights issue 127.5 percent covered by investors, the bank said in a bourse filing on Monday. The lender received bids wo More… |
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Zain Saudi to start rights issue on TuesdayZain Saudi, the kingdom's third telecom operator, will start a rights issue on Tuesday which will close eight days later, the firm said in a bourse statement. 'The issuing price will be SR10 ($2.6) without a premium, keeping i More… |
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Zain Saudi sets date for capital restructuringTelecom operator Zain Saudi has started preparations for its key shareholders' meeting on June 25 where its capital restructuring plan will be put for vote, said Saudi Fransi Capital, the lead manager of the transaction. At the meeting More… |
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5 banks to underwrite $1.6bn Zain Saudi issueSaudi Arabia's Al-Rajhi Bank and Banque Saudi Fransi are among five banks underwriting a 6 billion riyals ($1.6 billion) rights issue from indebted telecoms operator Zain Saudi, according to the issue prospectus. Lead manager Saudi Fransi More… |
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Qatar Milaha eyes 20pc capital hikeMilaha (formerly known as Qatar Navigation), held a crucial board meeting to discuss the recommended rights issue and also the proposal to increase the company’s paid-up capital. As part of the extraordinary meeting held in April, the gene More… |
