Kuwait's Burgan Bank said the shareholders of United Gulf Bank (UGB) have approved a proposal to change its trade name to Burgan Bank Bahrain, thus advancing the strategy to strengthen its core Kuwait business while building a more connected and differentiated regional banking proposition.
Borouge, an Abu Dhabi-based petrochemicals company, has announced that it has won shareholder approval for $1.32 billion worth of dividends for FY2025, reflecting its strong operational performance and record sales. The final set of dividend payments for 2025 amounts to $658 million (8.1 fils per share).
Bahrain Aluminium Extrusion Company (Balexco), a leading producer of aluminium extrusion products used primarily in construction sector with operations across the GCC, is planning a stock market listing after shareholders approved a proposal to transform the company into a public shareholding firm.
Abu Dhabi Islamic Bank’s (ADIB) shareholders have approved the proposed increase in the bank’s issued and paid-up share capital through a rights issue expected to raise about AED1.75 billion ($480 million) in gross proceeds.
