Saturday 7 March 2015
 
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Al Tayyar Travel to hike capital by 33pc

Saudi Arabia's Al Tayyar Travel Group said on Thursday its shareholders agreed to raise its capital by 33.3 per cent via bonus shares to help fund its expansion plans. The company will increase its capital to SR2 billion ($533

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Al Tayyar Travel to hike capital by 33pc

Saudi Arabia's Al Tayyar Travel Group said on Thursday its shareholders agreed to raise its capital by 33.3 per cent via bonus shares to help fund its expansion plans. The company will increase its capital to SR2 billion ($533

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Sedco Capital plans to start feeder fund

Jeddah-based Islamic investment firm Sedco Capital plans to launch a Luxembourg feeder fund for its Gulf money market fund and is exploring ways to offer a Saudi-specific product to international investors, its lead fund manager said.

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Bank Dhofar gets shareholder nod for capital plans

Bank Dhofar, Oman's second-largest bank by assets, won shareholder approval for plans to raise its capital by as much as $300 million, including through the issuance of capital-boosting bonds, it said on Saturday. The lender s

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Suicide bomb targets Somali officials in hotel, atleast 6 killed

A car bomber rammed the gate of a hotel in the centre of the Somali capital on Friday where some ministers and lawmakers had gathered, and a suicide attacker then blew himself up inside the compound, police officers said. Ambulanc

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GFH completes capital increase programme

Gulf Finance House (GFH) said in a statement today that it has completed its capital increase programme aimed towards projects developments and acquisitions. The programme was approved by the extraordinary general assembly on Apri

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Oasis Capital reports net income of $13.2m

Oasis Capital, a Bahrain-based investment firm, has reported net income of $13.2 million for last year. The company said it was a significant increase over $400,000 in the prior year, reported the Gulf Daily News (GDN), o

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Bank Dhofar working on plans to raise capital

Oman's Bank Dhofar is working with National Bank of Abu Dhabi and Standard Chartered as it studies options for raising its reserves including selling a capital-boosting bond, banking sources told Reuters on Tuesday. The sultan

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Capital gains help double Jordan Ahli Bank's profits

Jordan Ahli Bank boosted net profit by 113 per cent to 34 million dinars ($48 million) last year due to capital gains from divesting its Lebanese subsidiary to a Lebanese bank, bank officials said. Net operating income, including

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ADIB eyes capital boost after Q4 profit growth

Abu Dhabi Islamic Bank said on Sunday it planned to boost its capital base to help support future growth, after setting aside less cash for bad loans helped it post a 19.3 per cent rise in fourth-quarter net profit. Banks in the U

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