Sunday 29 March 2015
 
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Al Baraka shareholders approve 3pc cash dividend

The shareholders of Al Baraka Banking Group have approved cash dividend of three per cent or three cents per share and one bonus share for every 50 fully paid up shares. This follows a joint annual and extraordinary general meetin

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Arab Banking Corporation approves 5pc cash dividend

The shareholders of the Arab Banking Corporation (ABC) have approved a cash dividend distribution of five per cent of the issued share capital ($0.05 per share), amounting to $155.5 million. The dividend was recommended by the ban

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Nass declares 15pc cash dividend to shareholders

The shareholders of Nass Corporation are to get cash dividend of 15 per cent for last year. The announcement was made during the company's annual general meeting (AGM) held at Abdulla Nass Auditorium in the Applied Science Uni

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Batelco approves $110m cash dividends

Batelco Group’s shareholders have approved a full year cash dividend of BD41.58 million ($110.29 million), at a value of 25 fils per share at its Annual General Meeting (AGM) held today (March 18). Of the cash dividend, 10 f

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UDC approves 12.5pc cash dividend distribution

United Development Company (UDC), a leading Qatari shareholding company and master developer of The Pearl-Qatar, has approved the distribution of QR442.6 million ($121.4 million) based on 12.5 per cent of the share’s par value - equivalent

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Egypt's Sawiris readies digital revamp for Euronews

Egyptian tycoon Naguib Sawiris is unveiling plans for his majority stake in European broadcaster Euronews - a cash injection which would be used to expand onto digital platforms and better promote the brand. In an unprecedented sh

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Yansab proposes $0.4 per share cash dividend for H2

Saudi Arabia's Yanbu National Petrochemical Co (Yansab) has proposed a cash dividend of SR1.5 ($0.4) per share for the second half of the year, it said in a statement. The figure is lower than the SR2 riyals per share paid in

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UAE desert booms again, but builders face cash crunch

Look at computer models for the Venice-like Arabian Canal proposed for central Dubai, or the plans for the world's biggest shopping mall, and it seems as if the collapse of the UAE real estate market six years ago never happened.

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Egypt will fix economy but don't expect miracles: PM

Egypt's Prime Minister urged the country's citizens not to expect instant results from large-scale infrastructure projects the government has embarked on to create jobs and strengthen the economy. Ibrahim Mehleb faces the monume

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$10,000 stolen from travel agency in Bahrain

Two masked men broke into a travel agency in Bahrain and stole more than BD3,800 ($10,018.5) in cash and cheques. It was the second time in 16 months that the Royal Gulf Travel and Tourism, which represents Syrian Air, has been ro

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