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Mashreq Bank secures AED150 million financing for Omniyat

2019-03-26 00:20:58 GMT (
Property developer Omniyat announced that it recently secured a financing of AED 150 million from DFM-listed Mashreq Bank.   The company said it will utilize the financing in the fit-out of ...

RAK Bank hires 6 banks for USD bond issuance

2019-03-26 00:16:17 GMT (
National Bank of Ras Al Khaimah (RAK Bank) announced today that it mandated Bank ABC, Citi, Emirates NBD Capital, First Abu Dhabi Bank, ICBC and Standard Chartered Bank as joint lead managers and ...

ADCB takeover of UNB, Al Hilal Bank totals AED 14.4 billion

2019-03-26 00:01:03 GMT (
The total value for Abu Dhabi Commercial Bank’s (ADCB) takeover of both Union National Bank (UNB) and Al Hilal Bank amounted to AED 14.4 billion, according to the shareholders’ prospectus ...

Etisalat reports second largest profits in lifetime during 2018

2019-03-25 10:15:32 GMT (
Exclusive – FXNewstoday:  Given the defense nature of the telecommunications sector worldwide, it is increasingly needed with every advance occurring in any area. Furthermore, companies ...

Jarir opens new, SAR3.5 million showroom in Jeddah

2019-03-25 07:54:42 GMT (
Jarir Marketing Co. announced in a bourse statement it opened a new showroom in the internal hall of King Abdulaziz International Airport, Jeddah, with total investments reaching SAR 3.5 ...

Waha Capital shareholders nod to AED137.9 million dividend distribution

2019-03-25 07:42:35 GMT (
Waha Capital on Monday announced that its shareholders approved the distribution of cash dividends at AED 137.888 million, or 7.5 fils per share, representing 7.5% of capital, for the fiscal year ...

Tabuk Agricultural FY18 losses widen to SAR 62 million

2019-03-25 07:19:50 GMT (
Tabuk Agricultural Company posted a 105% surge in net losses for the fiscal year 2018, to SAR 62.1 million, from SAR 30.3 million a year earlier, according to a bourse statement.   FY18 net ...

Makkah Construction FY18 profit rises 7%; board proposes SAR2/share dividend

2019-03-25 07:09:15 GMT (
Makkah Construction and Development Company on Monday posted an increase of 7.2% in net profits during he fiscal year ended on 30/4/1440H.   The company achieved a net profit of SAR 283 ...

Uber confirms plan to acquire Careem in $3.1 billion deal

2019-03-25 01:22:46 GMT (
Global ride-hailing company Uber confirmed its plan to take over its regional rival, Dubai-based Careem, in a deal worth $3.1 billion (around AED 11.4 billion), which would be the biggest deal of its ...

Aldar Properties shareholders OK 14 fils/share dividend

2019-03-21 07:06:56 GMT (
Aldar Properties’ shareholders, in an ordinary general assembly meeting held on Wednesday, gave the go ahead for the proposed distribution of cash dividends for the fiscal year 2018 at AED 1.1 ...

Saudi Telecom plans $5 billion international Sukuk program

2019-03-21 06:46:04 GMT (
Saudi Telecom Co. (STC) on Thursday said it is planning to establish an international Sukuk program with a total amount of up to $5 billion,  either directly or through an offshore special ...

Fitaihi says 2018 profits soar 1006% on lower expenses

2019-03-21 06:33:23 GMT (
Fitaihi Holding company on Thursday posted a 1006% increase in net profit for the fiscal year ended on December 31, 2018.   The company generated SAR 7.8 million net profit, compared with SAR ...

Al-Babtain posts 53% decline in 2018 profits

2019-03-21 06:27:53 GMT (
Al-Babtain Power & Telecommunication Co. on Thursday said it generated SAR 69.7 million net profit for the fiscal year 2018, down 52.6% year-on-year from SAR 147.2 million, according to a bourse ...

ADCB shareholders to vote on merger plan today

2019-03-21 03:55:40 GMT (
Abu Dhabi Commercial Bank (ADCB) will hold an extraordinary general assembly meeting today, during which shareholders will look into the proposed merger with Union National Bank through the issuance ...
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