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Saudi Binladin investors may sell key stakes to governmentLeading construction giant Saudi Binladin Group (SBG) has asserted that it remains a private sector company owned by its shareholders amid reports that some of them may transfer their shares to the government as part of a financial settlement More… |
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BCFC shareholders to get 50pc cash payoutBahrain Commercial Facilities Company (BCFC) general assembly has approved a cash dividend of 50 per cent or 50 fils per share, said a report in the Gulf Daily News (GDN), our sister publication. To read further, please visit More… |
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QIC wins shareholders' nod for $760m capital boostQatar Insurance Company, a leading insurer in the Gulf region, said it has won approval from the shareholders to increase its capital from QR2.41 billion ($661 million) to QR2.77 billion ($760 million). The company announced this More… |
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Du shareholders agree capital reductionEmirates Integrated Telecommunications Company (Du) said it held a General Meeting today (January 12) where shareholders voted in favour of a Board of Directors’ recommendation to reduce the company’s capital. Th More… |
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Bahrain Cinema approves 50pc cash dividendBahrain Cinema Company (Cineco) shareholders have approved the distribution of a cash dividend of 50 per cent of the paid-up capital, the equivalent of 50 fils per share, following the approval of the Central Bank of Bahrain. &nbs More… |
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Air Arabia shareholders approve 9pc cash dividendAir Arabia shareholders approved the distribution of a nine per cent cash dividend for the 2015 financial year at the company’s annual general meeting (AGM), which was held in Sharjah, UAE. The dividend, which is equivalent More… |
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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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Jazeera shareholders approve voluntary capital reductionShareholders of Kuwait's Jazeera Airways have approved a board recommendation to reduce the company’s capital from KD42 million ($138.8 million) to KD20 million ($66 million), following its exit from the aircraft leasing business. More… |
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GFH's name changed to 'GFH Financial Group BSC'GFH has informed its shareholders and the markets that, in line with its extraordinary general meeting’s approval obtained on April 12, it has completed the formalities with the relevant authorities for changing its commercial name. More… |
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RBS to return surplus cash to shareholdersRoyal Bank of Scotland expects a substantial increase in its capital thanks to the sale of businesses over the coming years and intends to return some of it to shareholders, chief executive Ross McEwan said. The bank, 78 per cent More… |
