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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 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 Chemicals Co. has assigned Aljazira Capital on 06-08-2016 as financial advisor to manage the offering rights issue.
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
Saudi Arabia may still move forward with an initial public offering (IPO) for state oil company Saudi Aramco on an international exchange such as London or New York in the second half of 2018, despit
Emirates NBD could agree to buy Turkey’s Denizbank within weeks, after intense lobbying by the Turkish bank to convince President Tayyip Erdogan of the benefits of the potential $5.3 billion deal.
Saudi Aramco could grant shares to employees in any forthcoming initial public offering, according to an analysis of the company charter it adopted at the beginning of the year.
The new cha
The shareholders of Aldar Properties have approved raising its foreign ownership limit by 9 per cent, allowing foreigners to own up to 49 per cent of Abu Dhabi’s biggest-listed developer, the company
Zain, the leading telecommunications network in Kuwait supported the Kuwait Investment Forum 2018 (KIF 2018), that was held under the patronage and in the presence of His Highness the Amir Sheikh Sab