Dubai-listed contractor Arabtec Holding said on Thursday its shareholder Aabar Investments had agreed to give it a Dh400 million ($108.9 million) debt facility to help weather 'challenging' conditions in the regional construction market.
Securities and Investment Company (Sico), a conventional wholesale bank in Bahrain, has approved the distribution of a cash dividend of BD2.1 million ($5.6 million) for last year.
It represents five per cent of
Nass Corporation shareholders are to get cash dividend of five per cent for last year, it was announced at the Bahrain-based company’s annual ordinary general meeting, said a report in the Gulf Daily News (GDN), our sister publi
National Bank of Bahrain (NBB) has awarded its shareholders total cash and stock dividend payouts of 35 per cent for last year, said a report in the Gulf Daily News (GDN), our sister publication.
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