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Gulf Bank seeks shareholder nod to boost capitalKuwait's Gulf Bank will ask shareholders to approve a number of measures it is considering to help boost its capital reserves at a meeting scheduled for March 9, it said in a bourse filing. The country's fourth-largest len More… |
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Dubai Islamic may boost capital after loan growthDubai Islamic Bank may need to enhance its capital reserves if it is to maintain its levels of loan growth, the bank's chief executive said on Wednesday. "If you want to sustain the growth momentum, in order not to limit More… |
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Orascom unit to boost capital, fund growthReal estate and hotels firm Orascom Development said on Monday it would increase its capital by 185 million Swiss francs ($183 million) to speed up its growth plans and take advantage of construction costs. The capital increase will be don More… |
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FlyDubai gets $136m capital boostDubai's ruler issued a law on Monday stipulating the government will more-than-double budget carrier Flydubai's capital to Dh500 million ($136.1 million). The airline competes with Sharjah-based Air Arabia and Kuwait's Jazeera Airways. More… |
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CPC in $267m capital boostConstruction Products Holding Company (CPC) said it has increased its capital to SR1 billion ($267 million) to achieve its future planned business expansion in accordance with the escalating market demand. The capital increase has been car More… |
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Burgan Bank halts plans to boost capitalKuwait's Burgan Bank has halted plans to increase capital by KD200 million ($704.2 million), the company said in a statement to the Kuwait bourse on Tuesday. Burgan, a unit of Kuwait Projects Company (Kipco), said it had halted the pla More… |
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Blom Bank to increase capitalEgypt's Capital Market Authority (CMA) has given its preliminary approval to Blom Bank to raise its capital to EGP750 million ($140 million) from EGP500 million, the stock exchange said. The bank would offer 25 million new shares More… |
