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BMI named financial advisor for Bahrain airBahrain-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 More… |
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SABB to raise capital by 33pc via bonus sharesThe 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 More… |
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Etihad to buy stake in top German carrierEtihad 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 More… |
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Etihad eyes stake in top German carrierEtihad 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 More… |
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Citadel completes $175.6m rights issueCitadel 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. More… |
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Aldar clarifies capital raise plans, not to delistAldar 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 More… |
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NBK launches rights issueThe National Bank of Kuwait (NBK), the emirate’s largest lender, said it has launched a rights issue to raise its capital by 10 per cent to meet future expansion plans. NBK was issuing about 327.1 million new shares each valued at 500 Kuwa More… |
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NBK launches rights issueThe National Bank of Kuwait (NBK), the emirate’s largest lender, said it has launched a rights issue to raise its capital by 10 per cent to meet future expansion plans. NBK was issuing about 327.1 million new shares each valued at 500 Kuwa More… |
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Addoha plans $334m capital increaseMoroccan developer Addoha will carry out a Dh3 billion dirham ($334 million) capital increase in July and existing shareholders will get preferential subscription rights, a source close to the company said. Founder Anas Sefrioui holds 61.7 More… |
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Dubai Islamic gets $816m capital boostDubai Islamic Bank (DIB) said it has won approval from the board to increase the bank’s capital by Dh3 billion ($816 million) over a five-year period. The DIB board at its extraordinary general meeting held on Monday also approved the conv More… |
