National Marine’s Board Approves $107 Million Convertible Bond


03/02/2010 00:00 AST  Bloomberg

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.

National Marine Dredging Co. - NMDC
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT
Most Viewed Companies
Ticker Price Volume
SPIMACO 44.7 498,396
EMAAR 10 21,096,974
EEC 79.95
SABIC 110.9 3,330,141
STC 74.34 806,321
SECO 16.95 1,874,457
ALKHODARI 73.09 5,371,776
Recent News

Profits of petchem sector up 12% to SR28bn in 9 months
Net profits of the listed petrochemical sector firms rose by 12.1 percent to SR28 billon in the first nine months of the current year compared to SR25 billion in the same period last year, according

Saudi investors keen to promote UK trade ties
British trade envoy Lord Thomas King of Bridgwater CH introduced a number of joint investment opportunities for Saudi businessmen to promote trade between Britain and Saudi Arabia during his recent m

Strong response for NCB IPO
The initial public offering (IPO) of the National Commercial Bank (NCB) was 210 percent covered by the end of the 12th day, according to the financial advisers and lead managers GIB Capital and HSBC

Key safety milestone for Alba
Alba, a champion of workplace safety and health, yesterday announced that its Cast House has achieved 2,000,000 work hours without Loss Time Injury (LTI).

This demonstrates the company's c

NBB's net profit surges 5.2pc to $112.1 million
NBB's net profit rose 5.2 per cent to BD42.16 million ($112.13m) for the nine months ended September 30, compared with BD40.09m for the corresponding period of the previous year.

For the

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?