The board of National Marine Dredging Co., the United Arab Emirates-based company that deepens waterways, approved a plan to offer 391.5 million dirhams ($107 million) in convertible bonds.
The bonds will be converted at 7.83 dirhams each in four phases, the company said in a statement to the Abu Dhabi bourse today.
U.A.E. Supports Saudi Arabia Against Qatar-Backed Brotherhood
The United Arab Emirates backed Saudi Arabia’s decision to label the Muslim Brotherhood, an Islamist group supported by Qatar, a terrorist organization amid diplomatic discord between the three count
Deloitte appoints new managing director
Deloitte Corporate Finance has appointed Wayne Thomas as managing director to lead its ‘Transaction and Reorganisation Services’ team in the Mena region.
Bank Nizwa wins top Islamic bank award
Bank Nizwa, a leading Islamic lender, recently won the Best Bank in Oman award from the Islamic Finance News (IFN) Awards ceremony at the Ritz Carlton Dubai International Finance Centre.