Monday 1 September 2014
 
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rights issue

LSE unveils $1.6 billion rights issue

The London Stock Exchange (LSE) Group yesterday said it would raise £938 million ($1.6 billion) in its first rights issue to part fund the acquisition of US indexes group Frank Russell. LSE will offer 74,347,813 new s

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Ma'aden appoints HSBC as advisor for rights issue

Saudi Arabian Mining Co (Ma'aden), has appointed HSBC Saudi Arabia as financial advisor for its planned 5.6 billion riyals ($1.49 billion) rights issue, the company said in a statement on Monday. Ma'aden had earlier this m

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Ma'aden appoints HSBC as advisor for rights issue

Saudi Arabian Mining Co (Ma'aden), has appointed HSBC Saudi Arabia as financial advisor for its planned 5.6 billion riyals ($1.49 billion) rights issue, the company said in a statement on Monday. Ma'aden had earlier this m

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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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CBI seeks investor nod for $300m rights issue

Abu Dhabi-listed Commercial Bank International (CBI) said on Thursday it would convene a shareholder meeting on February 20 to get approval for a 50 percent capital increase through a rights issue. The lender, 40 percent-owned by

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Doha Insurance plans $120m rights issue

Qatar's Doha Insurance said on Monday it would seek shareholder approval next month for a capital increase worth 436.7 million riyals ($119.9 million), with the cash aimed at strengthening its ability to work at home and abroad.

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Arabtec Q3 net profit nearly triples to $27m

Arabtec, Dubai's largest listed construction firm, said on Wednesday it had dropped plans for a second phase of a planned $1.3 billion rights issue and capital hike, after reporting a jump in third-quarter net profit. Arabtec,

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Oman's Galfar raises $34.5m in rights issue

Galfar Engineering, a major construction company in Oman, said a rights issue to buy new shares was 96 per cent subscribed, raising 13.29 million rials ($34.5 million).   The company had offered 49.50 million sha

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Oman's Galfar raises $34.5m in rights issue

Galfar Engineering, a major construction company in Oman, said a rights issue to buy new shares was 96 per cent subscribed, raising 13.29 million rials ($34.5 million).   The company had offered 49.50 million sha

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Oman's Galfar plans to raise $35.7m in right issue

Oman-based Galfar Engineering and Contracting has announced plans to increase its capital to over $13.8 million through a rights issue, that will offer shareholders 49.5 million shares at 0.28 rials per share. Announcing the new p

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