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
Ithmaar Bank remains firmly committed both to its shareholder and to Bahrain, and has delivered on promises it made last year by significantly increasing its income and expanding its retail banking network despite last year' challenges, said a sen
Oman's Renaissance Services said on Tuesday it will ask shareholders to approve plans for a 40 million rials ($103.9 million) offering of zero coupon convertible bonds.
The approval will be sought at a shareholder meeting on March 25, the
Major Zain shareholder Kharafi Group, which has twice tried to sell its stake in the Kuwaiti telecoms operator, will now stick with its holding as the firm embarks on expansion plans.
Bader al-Kharafi, whose family and related compan