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.
Tadawul index breaks 9,000-point barrier
The benchmark Tadawul All-Share Index logged a sharp gain of roughly three percent on Sunday, surpassing the psychological important 9,000 points mark.
The addition of Tadawul trading will benefit eligible investors, who currently
Damas bolsters presence in GCC with 23 new stores
Damas, the Middle East's leading jewelry and watch retailer, has bolstered its presence in the region with the opening on 23 new outlets during 2014. The expansion complements Damas’ new two store fo