Wednesday 22 November 2017
 
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share capital

Drake & Scull wins approval for capital reduction

Drake & Scull International (DSI), a regional market leader in engineering and construction services, has won regulatory approval to reduce its share capital by 75 per cent and also to list 500 million new shares. The reductio

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Arabtec wins regulatory nod for share capital cut

Arabtec Holding, a leading contractor for social and economic infrastructure, said it has secured regulatory approval for its new capital reduction plan. The move is aimed at slashing its share capital from Dh6.1 billion ($1.6 bil

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GFH eyes cut in share capital, sukuk

Bahrain-based Gulf Finance House will seek shareholder approval later this month for a potential reduction in share capital and to issue a convertible sukuk of up to $500 million to restructure debt and fund new projects. The Isla

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Red Sea Housing plans $160m share capital boost

Saudi-based Red Sea Housing Services Company said it has won approval from shareholders to increase its share capital by 50 per cent  to SR600 million ($160 million) from SR400 million. This will be done through the distribut

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Sembcorp Salalah IPO oversubscribed

Sembcorp Salalah Power & Water Company SAOG, a leading power and water company in Oman, has announced the closure of its initial public offering (IPO) of 35 per cent of the total share capital. The issue of 33,410,019 existing

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Top Qatar banks to raise foreign ownership limits

Commercial Bank of Qatar (CBQ) and Qatar Islamic Bank (QIB) have asked Qatar Exchange to increase the number of their shares available to foreign investors to 25 percent of their market capitalisation, the exchange said on Wednesday.

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Asiacell launches offer of 25pc share capital

Asiacell Communications, a leading provider of mobile telecom services in Iraq with 9.9 million subscribers, has opened for subscription 67.5 billion shares, representing 25 per cent of the company’s share capital. The offer

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Saudi training firm acquires majority stake in GII

Saudi Arabia-based Al Khaleej Training and Education Company (AKTE) has purchased a majority of Gulf Insurance Institute’s (GII) shares and increased its share capital to fund expansion plans in the Middle East. GII is a joi

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Tabreed gets approval for share capital cut

District cooling firm Tabreed, which is restructuring some $1.47 billion in debt, has received regulatory approval to slash its share capital by 80 percent, the district cooling firm said on Thursday. 'The cancellation of shares throug

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Bahrain raises Gulf Air share capital by $1 billion

Gulf Air, Bahrain's national carrier, has confirmed that its owners have raised the airline's authorised share capital by an additional BD400 million ($1.1 billion). "This is the first time the airline has been through a capital restructur

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