Wednesday 27 July 2016
 
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rights issue

Al Tamimi advises DFM on three rights issues

Al Tamimi & Company, the largest law firm in the Middle East, has advised on three rights issues on Dubai Financial Market (DFM) in the last three months.  In total, the rights issues raised more than Dh5.5 billion ($1.5

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Dubai Islamic $871m rights issue oversubscribed

Dubai Islamic Bank has completed its Dh3.2 billion ($871.3 million) rights issue aimed at bolstering its capital, with the issue roughly three times oversubscribed, it said on Sunday. The rights issue will increase the share capit

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Dubai Islamic set to open $860m rights issue

Dubai Islamic Bank will open subscriptions on Tuesday for a Dh3.16 billion ($860.3 million) rights issue aimed at bolstering the capital base of the UAE's largest sharia-compliant lender. The bank is offering 988.4 million new

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Dubai Parks and Resorts raises $457m for new park

Dubai Parks and Resorts today confirmed that it has successfully raised Dh1.68 billion ($457 million) from a rights issue that has been oversubscribed by 1.6 times. The rights issue is intended to raise funds to primarily finance

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Dubai Parks and Resorts rights issue oversubscribed

Dubai Parks and Resorts today confirmed that its Dh1.68 billion ($457 million) rights issue, which was announced on April 19, was oversubscribed 1.25 times, underlining strong investor support. Total subscription as at close of Ma

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Dubai Parks and Resorts rights issue oversubscribed

Dubai Parks and Resorts today confirmed that its Dh1.68 billion ($457 million) rights issue, which was announced on April 19, was oversubscribed 1.25 times, underlining strong investor support. Total subscription as at close of Ma

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Dubai Parks and Resorts launches rights issue

Dubai Parks and Resorts, a leisure and entertainment destination coming up on a 16-million-sq-ft area in the UAE, on Wednesday began trading its shares on Dubai Financial Market (DFM). The rights issue, which will be free-floated

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Dubai Parks and Resorts sets terms for $457m rights issue

Dubai Parks and Resorts announced details for a Dh1.68-billion ($457.4 million) rights issue on Tuesday, saying it would use the proceeds to finance the development of its Six Flags-branded theme park. The company, which is constr

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Dubai Parks and Resorts sets terms for $457m rights issue

Dubai Parks and Resorts announced details for a Dh1.68-billion ($457.4 million) rights issue on Tuesday, saying it would use the proceeds to finance the development of its Six Flags-branded theme park. The company, which is constr

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Takaful Emarat opens rights issue

Dubai-based Takaful Emarat, a shariah-compliant life and health takaful provider, has announced that its rights issue opens today (November 1) and is tradable on Dubai Financial Market until November 15. Trading of the rights Issu

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