Shareholders in Beltone Financial have agreed to sell 97.3 per cent of shares in the financial services company to Orascom Telecom Media and Technology and investment bank Act Financial, a source familiar with the matter told Reuters on Thursd
Shareholders of Kuwait-based Jazeera Airways Group today approved a board proposal for the cash distribution of KD20 million ($66 million) as special dividend for the year 2014.
The proposal was approved during the company’s
While CEO turnovers at big public companies are inevitable and rarely easy, a forced CEO turnover costs a large company $1.8 billion more in shareholder value than a planned turnover, a report said.
In terms of shareholder value,
Jazeera Airways, a Kuwait-based airline, recommended record dividends and payments to shareholders totalling up to KD50 million ($166.4 million) in the form of special dividends for 2014 and a share buyback programme.
The shareholders of the Arab Banking Corporation (ABC) have approved a cash dividend distribution of five per cent of the issued share capital ($0.05 per share), amounting to $155.5 million.
The dividend was recommended by the ban
Shareholders of Commercial Bank of Qatar (CBQ) have approved the issue of up to $1 billion in capital-raising instruments, the bank said on Thursday.
The annual shareholders' meeting of the Gulf Arab state's second-largest
United Development Company (UDC), a leading Qatari shareholding company and master developer of The Pearl-Qatar, has approved the distribution of QR442.6 million ($121.4 million) based on 12.5 per cent of the share’s par value - equivalent
Kuwait Food (Americana) asked for its shares to be suspended on the Kuwaiti bourse on Wednesday after its main shareholder said it was reviewing its portfolio, including its stake in the firm.
Americana said Al Khair National for
Michael Dell has clinched shareholder approval for his $25 billion offer to buy and take Dell Inc private, ending months of conflict with the company's largest investors and removing the uncertainty surrounding the world's No.3 PC maker.
Europe's largest aerospace group EADS said it was in talks with major European nations to reach a deal aimed at overhauling a convoluted shareholder structure at the company.
The Airbus parent company said it was in talks on t