Saudi Arabia's Samba Financial Group said on Tuesday its board had proposed increasing the bank's capital by SR8 billion ($2.13 billion) through issuing bonus shares to help support future growth.
The kingdom's f
Saudi Hollandi Bank, the eighth-largest listed lender in the kingdom, plans to boost its capital by 20 per cent through a bonus share issue next year.
The bank, which said on Sunday completed a SR2.5 billion ($666.6 million) sukuk
Saudi Arabia's Etihad Etisalat (Mobily) will launch a 10 per cent bonus share issue, the telecom operator said in a statement to the kingdom's bourse on Monday.
Mobily, an affiliate of the United Arab Emirates' Etisala
Kuwait-based budget carrier Jazeera Airways Group said it has won approval from the annual general meeting for distribution of 10 per cent bonus shares to its investors.
Announcing this on Wednesday, Jazeera said the shareholders approved
RAK Ceramics, the Ras Al Khaimah-based global ceramic major, has posted a net profit of Dh270.2 million ($73.5 million) for the year 2010, registering a 3.2 per cent increase from Dh261.9 million in 2009.
The annual general assembly m
Qatar Telecom (Qtel) has announced plans to distribute a cash dividend of 50 per cent of the nominal share value (QR5 per share) and bonus shares of 20 per cent of share capital (one share for every five shares) to the investors.
Etisalat on Tuesday announced plans to distribute dividends at 35 per cent of nominal share value for the second half of 2009 for investors. The Emirati telecom group also approved 10 per cent bonus shares.
With this, the total dividends a
Logistics firm Aramex said its board had recommended a distribution of 10 per cent bonus share for 2009, according to a statement on the bourse website on Wednesday.
The company will hold its ordinary annual general meeting on April 6, sai
Saudi-based Qassim Cement Company said on Saturday it planned to offer shareholders one bonus share for each existing one to raise its paid-up capital and fund expansion.
The board proposed using the bonus issue to raise the firm's cap
Dar Al-Arkan, Saudi Arabia's largest property developer by market value, plans to offer shareholders one bonus share for each existing two to raise its capital and fund expansion, it said on Saturday.
The board proposed using the bonus