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09/07/2014 11:44 AST
Saudi Arabian retailer Fawaz Abdulaziz Alhokair proposed doubling its capital through a one-for-one bonus issue, the firm said on Wednesday.
Alhokair, which franchises brands such as Zara and Marks and Spencer in the kingdom, said it would convert reserves and retained earnings to new shares for the capital boost, which is designed to support the growth of the company.
Capital will be hiked to 2.1 billion riyals ($560 million) from 1.05 billion riyals, subject to shareholder approval, it said in a bourse filing.
In June, the retailer said it had completed a 500 million riyal, five-year sukuk issue, its first issue of an Islamic bond.
Reuters
23/08/2017
In an effort of rebalancing its debt exposure especially the Short Term portion, Fawaz Abdulaziz Al Hokair & Co. signed a new Murabaha Agreement with Alrajhi Bank under the following terms:
Tadawul
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ALHOKAIR Fashion Retail launched the first Lefties flagship store, the famous accessible price international fashion brand, in KSA at Nakheel Mall Riyadh. This exhibition is the first Lefties store i
Saudi Gazette
21/09/2016
Fawaz Abdulaziz Al Hokair Company, a leading Saudi-based group with a focus on retail and real estate business sectors, has won a major contract to develop a commercial and entertainment district adj
Trade Arabia
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
RIBL | 13.83 | 1,519,548 |
JARIR | 177.89 | 111,251 |
STC | 83.41 | 257,644 |
DARALARKAN | 13.47 | 74,648,349 |
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Saudi Gazette
05/04/2018
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Gulf Times
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Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
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The Peninsula
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Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News