Friday 29 May 2015
 
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Agility gets shareholder nod to issue long term bonds

Kuwait-listed logistics company Agility has said shareholders approved all items on its agenda at its annual general meeting, including plans for issuing long term bonds. Under the agenda, shareholders were asked to approve issuin

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Nass declares 15pc cash dividend to shareholders

The shareholders of Nass Corporation are to get cash dividend of 15 per cent for last year. The announcement was made during the company's annual general meeting (AGM) held at Abdulla Nass Auditorium in the Applied Science Uni

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Batelco approves $110m cash dividends

Batelco Group’s shareholders have approved a full year cash dividend of BD41.58 million ($110.29 million), at a value of 25 fils per share at its Annual General Meeting (AGM) held today (March 18). Of the cash dividend, 10 f

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DP World wins key investor backing for EZW buy

Shareholders of DP World have approved buying Economic Zones World (EZW) from its majority shareholder and also backed the port operator's delisting from the London Stock Exchange, the Dubai-based company said on Thursday. The

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Dubai World debt deal receives 70pc creditor consent

Some 70 per cent of creditors to state-owned conglomerate Dubai World have agreed, subject to approval, to the revised terms of the debt restructuring presented at a meeting in London on Monday, sources with direct knowledge of the talks said.

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Zain Saudi proposes capital reduction to shareholders

Zain Saudi, a Saudi Arabian telecommunication operator, has proposed a capital reduction to shareholders to eliminate all accumulated losses up to September 30, the company said in a statement on the kingdom's bourse. The move

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Majority shareholders agree sale of Bisco Misr

Shareholders holding 56 per cent of Egyptian snack maker Bisco Misr have agreed to sell their shares to United Arab Emirates-based Abraaj Investment Management, Bisco Misr said. Abraaj Investment Management, an affiliate of UAE

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Majority Watania shareholders to sell stakes

Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) has said its majority shareholders had agreed to sell stakes to strategic investors from the Gulf region, but did not name the selling or buying

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Citadel wins approval for $1.14bn capital hike

Citadel Capital, a leading investment company in the Middle East and Africa region, said it has won approval from its shareholders to increase its capital to 8 billion Egyptian pound ($1.14 billion) from the present EGP4.35 billion.

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Nokia shareholders approve sale

Nokia shareholders approved the 5.4 billion euros ($7.4 billion) sale of the company's mobile phone business to Microsoft, deciding the deal's financial benefits outweighed any objections to the loss of a Finnish national asset.

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