Thursday 11 February 2016
 
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rights issue

Takaful Emarat opens rights issue

Dubai-based Takaful Emarat, a shariah-compliant life and health takaful provider, has announced that its rights issue opens today (November 1) and is tradable on Dubai Financial Market until November 15. Trading of the rights Issu

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Saipem to raise $3.8bn to tackle oil service slump

Italian oil contractor Saipem said on Wednesday it will ask investors for up to 3.5 billion euros ($3.86 billion) of fresh capital to help it weather the oil service recession and plot a path to recovery as main investor Eni takes a step back.

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Qatar's GWC to launch rights issue on Nov 8

Qatar's Gulf Warehousing Company (GWC) will begin its QR458 million ($126 million) rights issue that will boost the company's capital by 25 per cent on November 8, it said on Sunday. The issue will see stock holders offere

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ADIB’s $137m rights issue oversubscribed 3 times

Abu Dhabi Islamic Bank (ADIB) has raised Dh504 million ($137 million) in its rights issue, which was nearly three times oversubscribed with Dh1.46 billion in subscriptions received. The rights issue, the first tradable rights issu

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ADIB rights issue to close on Thursday

Subscription for the Dh504-million  ($137.2 million) rights issue of Abu Dhabi Islamic Bank (ADIB) will close at 2 pm tomorrow (September 10), the bank has said. Rights holders can subscribe to new shares at Dh 3 per share by

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Adib’s $137m rights issue opens August 23

The subscription period for Abu Dhabi Islamic Bank’s (Adib) rights issue, which aims to raise Dh504 million ($137 million), begins tomorrow (August 23) and will run until September 10. During this period, holders of rights a

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ADIB investors back rights issue, sukuk plans

Shareholders of Abu Dhabi Islamic Bank (ADIB) have approved plans to raise Dh504 million ($137.22 million) of share capital through a rights issue, it said in a statement. The timing of the share issue, which will see shareholders

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Saudi builder delays submitting rights issue proposal

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons said on Sunday its proposal for a capital increase would be submitted to the market regulator during July, a month later than originally outlined. The company didn't

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Saudi builder delays submitting rights issue proposal

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons said on Sunday its proposal for a capital increase would be submitted to the market regulator during July, a month later than originally outlined. The company didn't

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Adib EGM to vote on capital raising plan

Abu Dhabi Islamic Bank (Adib) will hold an extraordinary general meeting (EGM) on June 21 to vote on a proposal to raise capital through a rights issue to support the bank’s continued growth. It will also hold a vote on a pr

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