Tuesday 29 July 2014
 
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Saudi IPO subscriptions plunge 53pc in Q1

The subscriptions to initial public offerings (IPOs) in the Saudi stock market plunged 53 per cent in the first six months to SR1.2 billion ($319 million) from SR2.5 billion during the same period last year, said

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Asiacell launches offer of 25pc share capital

Asiacell Communications, a leading provider of mobile telecom services in Iraq with 9.9 million subscribers, has opened for subscription 67.5 billion shares, representing 25 per cent of the company’s share capital. The offer

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Omani bank Al Izz to offer 400m shares

Al Izz Islamic Bank, the second sharia-compliant lender being formed in Oman, plans to offer a total of 400 million shares at a fixed offer price of 102 bizas in its initial public offering (IPO) next week. The announcement from t

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ADIB launches diversified basket note

Abu Dhabi Islamic Bank (ADIB) has announced the launch of its diversified basket note that provides an opportunity to small or large investors to profit from the anticipated strengthening of prices of eight leading commodities.

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Etisalat offers lifetime validity for prepaid

Etisalat has announced “free lifetime validity” for all its new and existing Wasel prepaid customers, allowing customers to maintain their subscriptions without having to renew again. The free lifetime validity will be applied automaticall

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STC offers special BlackBerry packages

Saudi Telecom (STC), the leading mobile operator in Saudi Arabia, has launched a new special offer on both postpaid and prepaid Blackberry package subscription fees. The offer reduces the fee to SR49 ($13.06) instead of SR79, with 1GB data

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Batelco offers free BlackBerry package

Batelco, as part of its 30th anniversary special offers, is offering its prepaid BlackBerry customers a one year subscription which includes a free BlackBerry smartphone. The deal is priced at BD100 ($265) includes one year access to Black

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Palm Hills says rights issue 99pc suscribed

Egyptian developer Palm Hills Developments shareholders bought about 99 per cent of the shares on offer in a EGP699 million ($127 million) rights issue, the company said. Palm Hills plans to use the issue's proceeds to speed up constructio

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NBK $139m fund fully subscribed

The Islamic KD Ijara Fund I, with a fund size of KD40 million ($139 million), offered by the National Bank of Kuwait (NBK), was fully subscribed in the first two days of its offering period. The fund was launched in response to the increas

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Vodafone Qatar IPO fully subscribed

Vodafone Qatar has announced that following the closure of the subscription period of its initial public offering (IPO), the issue has been fully subscribed. Allocation of shares will be finalised on or before May 10 and shareholders will

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