20/04/2017 09:19 AST

The CMA has issued its resolution approving Nama Chemicals Company's request to reduce its capital from SAR (1,285,200,000) to SAR (235,200,000), thus reducing the number of shares from (128,520,000) shares to (23,520,000) shares. This approval is conditional on the Company’s extraordinary general assembly approval and completion of the necessary procedures in relation to the applicable regulations.


Nama Chemicals EGM approved capital reduction


Nama Chemicals Co. EGM held on Thursday 11/05/2017 has approved the capital reduction. Thus, the fluctuation limits on Sunday 14/05/2017 for Nama Chemicals Co. will be based on a share price of SAR


NAMA appoints financial advisor to manage right issues


Nama Chemicals Co. has assigned Aljazira Capital on 06-08-2016 as financial advisor to manage the offering rights issue.


Nama Group launches second ‘Wiyakum’ project


Nama Group signed an agreement with Oman Network of Volunteers “Taawon” to launch the second “Wiyakum” project as part of the Group’s sustainability programme. The RO 80,000 agreement was signed at

Oman Daily Observer

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SABIC 128.20 2,802,574
SAICO 15.38 394,559
EEC 19.48 3,064,281
TAWUNIYA 71.30 210,946
STC 90.00 330,112
KAYAN 15.10 11,244,474
WALAA 28.95 1,032,814
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Saudi petchems firm to set up Dh1.54bn South Korean plant


Saudi Arabia's Advanced Petrochemical Company signed an agreement with South Korea's PolyMirae through its subsidiary to set up a $420 million (Dh1.54 billion) polypropylene plant through a joint ven

The National

KHCB sponsors the activities of the Bahrain Sports Federation for Disabilities


Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in the Kingdom of Bahrain, has announced its sponsorship of the events and activities of the Bahrain Sports Federation for Disabiliti

Biz Bahrain

RakBank, Xpress Money partner for payment service


RakBank, a leading bank in the UAE, has partnered with Xpress Money, a major money transfer brand, to offer convenient money transfer services to RakBank customers through the bank’s remittance servi

Trade Arabia

KFH-Bahrain inks financing deal with Ibn Khuldoon


Kuwait Finance House – Bahrain (KFH-Bahrain), a top Islamic banking services provider, will finance the construction of new buildings at Ibn Khuldoon National School, following the recent agreement s

Trade Arabia

Fitch upgrades outlook of Doha Bank to stable


Fitch Ratings has upgraded the outlook of Doha Bank from negative to stable and affirmed the long-term Issuer Default Ratings (IDR) at ‘A’, it was announced in a statement.

“The upgrade to

Gulf Times