Tuesday 17 July 2018
 
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Capital increase

Dubai Islamic’s capital hike credit positive: Moody’s

The 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.

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Saudi developer Sreco eyes $640m capital hike

Al Akaria Saudi Real Estate Company (Sreco), a leading real estate developer in Saudi Arabia, said it has won approval from the company's board to double its share capital from SR1.2 billion ($320 million) to SR2.4 billion ($640 million).

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Saudi Almarai wins approval for big capital increase

Saudi Arabia's Almarai, the largest dairy company in the Gulf, said it has won approval from its shareholders to increase its capital from SR8 billion ($2.1 billion) to SR10 billion ($2.6 billion).   This inc

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NBK $473.2m capital hike starts on Wednesday

The subscription period for National Bank of Kuwait's proposed capital increase will commence on Wednesday, the Gulf state's largest commercial lender said in a bourse statement. The rights issue will be worth around KD137

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BMI named financial advisor for Bahrain air

Bahrain-based BMI Bank has signed on as the exclusive financial advisor and arranger by Bahrain Air, the first privately owned national carrier of Bahrain for the airline’s proposed capital increase. The agreement was signed

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SABB to raise capital by 33pc via bonus shares

The Saudi British Bank (SABB) will increase its capital by 33 per cent from SR7.5 billion ($1.99 billion) to SR10 billion by issuing of bonus shares to its shareholders at the rate of one bonus share for each 3 shares. The capital inc

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Etihad to buy stake in top German carrier

Etihad Airways, the national airline of the UAE, plans to take a minority stake in Germany's second-biggest carrier Air Berlin via a capital increase, Manager Magazin reported on its website, citing industry sources. Air Berlin will an

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Etihad eyes stake in top German carrier

Etihad Airways, the national airline of the UAE, plans to take a minority stake in Germany's second-biggest carrier Air Berlin via a capital increase, Manager Magazin reported on its website, citing industry sources. Air Berlin will announ

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Citadel completes $175.6m rights issue

Citadel Capital, a leading private equity firm in Middle East and Africa region, said its shareholders have fully subscribed to the EGP1.05 billion ($176 million) capital increase, adding $120 million in fresh cash to its balance sheet.

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Aldar clarifies capital raise plans, not to delist

Aldar Properties has no plans to delist its stock after investors asked for clarification of its capital raising plans announced last week when the Abu Dhabi government threw it a $5.2 billion lifeline. Abu Dhabi stepped in to support the

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