Dubai Parks and Resorts said it aims to raise its capital by Dh1.68 billion ($457 million) to finance the development of a Six Flags Dubai theme park within its leisure and entertainment destination coming up on a 16-million-sq-ft area in the UA
Saudi Arabia's Abdullah Abdul Mohsin Al Khodari Sons has withdrawn its application with the Capital Market Authority for a capital increase due to current market conditions, it said in a statement on Monday.
The builder in Nov
Gulf Warehousing Company, a leading logistics provider in Qatar, said it has won approval from the shareholders for increasing its capital through a new rights issue.
The announcement was made at the end of company’s extraor
Royal Jordanian (RJ), the flag carrier of Jordan, plans to raise its capital by JD200 million ($281 million) through a rights issue in line with a strategic plan drawn to restructure the company.
The restructuring of the capital w
Qalaa Holdings, one of Egypt's largest investment companies, has approved a share swap with subsidiary companies that equates to a EGP1.7 billion ($223 million) capital increase, two informed sources told Reuters on Saturday.
National Commercial Bank, Saudi Arabia's biggest bank by assets, plans to boost its capital by 5 billion riyals ($1.3 billion) through conversion of its retained earnings into capital, it said in an emailed statement on Tuesday.
Arabtec, Dubai's largest listed construction firm, said on Wednesday it had dropped plans for a second phase of a planned $1.3 billion rights issue and capital hike, after reporting a jump in third-quarter net profit.
Kuwait Finance House (KFH), the Gulf state's largest Islamic lender, will recommend a 20 percent capital hike to shareholders, the company said in a bourse filing on Tuesday, which will help boost capital ratios and fund ex
Ahli Bank, Qatar's seventh-largest listed lender by market value, plans to raise its capital by 20 per cent through a rights issue starting later this month, the bank said in a statement on Tuesday.
This will raise about QR448.5 mil
Kuwait's luxury air carrier Wataniya Airways, which ceased operations in March, has cancelled plans for a KD15 million ($54.64 million) capital hike, it said on Tuesday.
Wataniya Airways, a regional luxury airline that launched in 2009