The Doha Securities Market closed flat today at 5,333.40, just 0.9% up. The day saw over 14 million shares traded, worth over QR305m, with 29 stocks increasing and six falling in value. Top gainer of the day was Qatar Oman, which advanced 8.33% to close at QR7.25, while Zad Holding was the biggest loser, falling 4.23% to QR51.70. Meanwhile, Barwa Real Estate confirmed its statement yesterday that it planned to sell assets in order to boost half-year profits. It told the DSM?s management would sell some of its real assets after the global financial crisis.
NBAD Issues $465m convertible bonds
The National Bank of Abu Dhabi (NBAD) has issued $465m senior unsecured convertible bonds, convertible into ordinary shares of NBAD.
The offering, due in 2018, was increased from an initial
Markaz profits reach KD2.56m in Q1 2013
Kuwait Financial Centre (Markaz) announced a net profit of KD2.56m for the first quarter ending 31st March 2013, a net profit of 5 fils per share as compared with a net profit of KD2.82 during the sa
Arabtec wins $108m Saudi hospital contract
A subsidiary of Dubai-based contractor Arabtec Holding has won a SR404-million ($107.7 million) contract to build a hospital in Saudi Arabia, the company said in a statement on Saturday.
KFH-Research: Participation banks growing rapidly in Turkey
KFH-Research issued a report stating that participation banks (Islamic banks) in Turkey form 5.2% of banking assets and will reach 10% by 2018, since those banks surpass the rest of the banking secto
ADS Securities signs MoU with Asian conglomerate Tune Group
In a landmark strategic alliance, ADS Securities, the Abu Dhabi-based brokerage and financial services trading company signed a Memorandum of Understanding (MOU) with Asian conglomerate Tune Group th