BlueFive Investments Holding said it has executed a non-binding offer for a proposed investment in Gulf General Cooperative Insurance Company. The investment plan includes a capital restructuring and a cash injection to fuel future growth.
Abu Dhabi Islamic Bank’s (ADIB) shareholders have approved the proposed increase in the bank’s issued and paid-up share capital through a rights issue expected to raise about AED1.75 billion ($480 million) in gross proceeds.
Ras Al Khaimah Department of Economic Development (RAK-DED) recorded 33.5% growth in number of business licences issued in the third quarter compared to the second quarter.
