Leading Kuwaiti bank Burgan has launched a rights issue of up to KD50 million ($161.4 million) as part of efforts to boost its capital position and enhance financial flexibility to support its strategic priorities, including strengthening its Kuwait business, reallocating assets and accelerating digital transformation.
OpenAI has recently held discussions with large investors about a fresh capital raise that would increase the ChatGPT maker's valuation to about $1.2 trillion before it goes public, the Financial Times reported on Tuesday, citing people familiar with the matter.
The Government of north eastern Indian state of Odisha has concluded a high-impact three-day investment outreach in the UAE with proposed investments of $25.44 billion (₹2.43 trillion) and employment potential of 618,725, as the state intensified its global pitch for capital, technology, manufacturing partnerships and access to international markets.
Islamic finance is evolving beyond its traditional role as a source of funding to become a strategic connector between liquidity-rich markets and fast-growing economies, says a new Standard Chartered report.
Saudi Vitrified Clay Pipes Company has announced that it had recently submitted an application to the kingdom's Capital Market Authority (CMA) seeking approval to reduce its share capital by nearly 70% (10.46 million ordinary shares) as part of a proposed restructuring to offset accumulated losses.
Bitget, the world's largest Universal Exchange, has launched Project Archimedes, a $300 million institutional capital programme aimed at supporting quantitative trading firms and asset managers across the Middle East and North Africa. It aims to support 50+ promising projects in the next six months.
Jordan-based Arab Bank Group has reported solid results for the first quarter of 2026, with 2% increase in net income after tax reaching $275.8 million when compared to $271 million for the same period last year. Compared to the same period last year, the Group’s assets grew by 9% to reach $79 billion.
Shareholders of Ithmaar Holding, a Bahrain-based holding company, on Sunday (March 8) approved its plan to raise capital, which includes the cancellation of accumulated losses against share capital and issuance of additional share capital by way of rights issue.
Talabat Holding, a leading on-demand online ordering and delivery platform in the Mena region, has announced that its board has recommended a share buyback programme of up to 5% of the company’s issued share capital, to be executed over a period of up to two years.
Aldar Properties has issued a $1.0 billion in subordinated hybrid notes to Apollo Global Management through a private placement, raising additional capital to support its strong growth momentum.
