The Board of Salam International (SIIL) has approved the primarily full acquisition of Salam Bounian and the acquisition of a real estate property in Doha worth QR102.5m. This was announced during the Company’s Board of Directors meeting held on Sunday.
Prince Alwaleed bin Talal said Monday he has no plans to sell shares in US banking giant Citigroup Inc. Alwaleed added the bank’s decision to exit TARP was “prudent”. Alwaleed invested in Citigroup through Kingdom Holding in 1991 with an ownership of 3.6
United Development Company has recommended a capital increase and a convertible bond issue. Qatar Exchange-listed UDC said its board of directors has recommended the capital increase to finance the company’s expansion plans. It has been decided to
United Development Co., the Qatari developer building man-made islands off the country’s coast, plans to offer convertible bonds and raise capital to help expansion plans, according to a company statement to the Qatari bourse today. The company didn’t
Saudi Arabias Kingdom Holding said the value of its investments available for sale fell by 4.8 per cent to SR5.81 billion ($1.55 billion) in November compared to the previous month. The firm, owned by Prince Alwaleed bin Talal, attributed the gain to
Dubai-based Abraaj Capital is pressing ahead with healthcare, education and agribusiness investments in Egypt, unaffected by the restructuring at Dubai World, its Egypt country manager said. The private equity firm, which has about $6.5 billion in funds