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Shuaa acquires 4.8pc stake in Ajman BankShuaa Capital, a leading financial services firm in the UAE, said that it now holds a 4.8 per cent stake in Ajman Bank at a deal worth Dh100 million ($27.2 million), following the closure of the bank’s rights issue. One of t More… |
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Burgan Bank begins $206m capital rights issueBurgan Bank, Kuwait’s second largest conventional bank by assets, has commenced its capital rights offering process to raise up to KD62.55 million ($206 million)of additional capital. The subscription period will end on Octo More… |
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Dubai Islamic’s capital hike credit positive: Moody’sThe recent capital increase of Dubai Islamic Bank (DIB) is credit positive for the bank because it replenishes reserves and enhances its loss-absorption buffers after high growth during 2013-17, said Moody’s Investor Service. More… |
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GulfNav raises capital by trading rights issueThe Board of Directors of the Gulf Navigation (GulfNav) Holding have approved the trading of the rights issued last February to the company’s existing shareholders, without publicly offering the remaining shares. The move is More… |
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Oman Qatar Insurance IPO oversubscribedOman Qatar Insurance Company said its initial public offering (IPO) has been oversubscribed 1.4 times mainly driven by a strong demand from both retail and institutional investors. A subsidiary of Qatar Insuran More… |
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Arabtec wins investors' nod for $408m rights issueArabtec Holding, a leading construction company in the Middle East, said it has won approval from its shareholders for a Dh1.5 billion ($408.2 million) rights issue to recapitalise the company. The Dubai builder had in February be More… |
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Al Tamimi advises DFM on three rights issuesAl 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 More… |
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Dubai Islamic $871m rights issue oversubscribedDubai 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 More… |
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Dubai Islamic set to open $860m rights issueDubai 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 More… |
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Dubai Parks and Resorts raises $457m for new parkDubai 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 More… |
