Thursday 31 July 2014
 
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share capital

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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Tabreed plans to trim share capital

UAE cooling firm Tabreed, which plans to restructure debt, will ask its board of directors to approve a reduction in the firm's share capital, it said on Wednesday. The firm, also known as the National Cooling Company is part owned by Abu

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Vodafone Qatar to list on exchange

Vodafone Qatar has announced that the company will be listed on the Qatar Exchange on July 22. Qatar Exchange is the successor to the Doha Securities Market, in which NYSE Euronext recently acquired a 20 per cent stake.  The acquisiti

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