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- Alba hits 38 million safe working hours without LTI
- Rolls-Royce shares surge as engine maker lifts outlook
- Gulf Bank concludes the third edition of its 'Fekrety' innovation competition
- AD Ports in deal to develop Egypt crude oil storage network
- Abu Dhabi hotels' revenue tops $185m in May
- NMDC Group revenues hit $3.65bn in H1
- Barq marks 1st year with 7 mln users & SR73 bln in transactions, powering Saudi Arabia's digital shift
- Saudi Arabia Launches New Industrial Projects in Eastern Province
- Amazon profits surge 35% as AI investments drive growth
- Saudi Aramco reduces August propane, butane benchmarks
29/03/2018 05:58 AST
Drake & Scull International (DSI), a regional engineering and construction service provider, said it is targeting to issue a sukuk convertible into equity in the second quarter of 2018.
The DSI board approved plans for the issuance of convertible sukuk with an indicative value of minimum Dh450 million or the equivalent in other currencies, as private placement or public issuance to be converted to shares over a maximum period of 5 years, at a price of Dh3 per share or at a discount of 25 per cent of the market price of the share, to be determined at the time of conversion, the company said in an emailed statement.
The sukuk issuance is subject to regulatory and shareholders' approval at the company's upcoming General Assembly meeting, which is scheduled to convene in April 2018.
Gulf News
27/03/2025
The Dubai construction services firm Drake & Scull managed to cut accumulated losses from a crippling Dh5 billion to just over Dh2 billion as of end 2024.
The company said it continues to 'p
Gulfnews
29/03/2018
The Board of Directors of Drake & Scull International PJSC ("DSI" or the "Company"), a regional leader in engineering and construction services, announced the appointment of Dr. Fadi Feghali as the G
Press Release
15/02/2018
Drake & Scull International, a regional leader in engineering and construction services, is back in the black with a net profit of Dh700,000 ($190,549) for the fourth quarter in 2017 compared to a n
Trade Arabia
| Ticker | Price | Volume |
|---|
01/08/2025
Aluminium Bahrain B.S.C. (Alba), the world's largest aluminium smelter on one site, proudly celebrates achieving 38 million safe working hours without a Lost Time Injury (LTI) on July 31.
Th
BNA
01/08/2025
In line with its commitment to fostering innovation and creativity, Gulf Bank has successfully concluded the third edition of its internal innovation competition, "Fekrety"2025. The initiative aims t
Kuwait Times
01/08/2025
AD Ports Group, a leading global enabler of trade, logistics, and industry, has signed an agreement with Egypt's Ministry of Petroleum & Mineral Resources; and TCM Project Management, a Dubai-based c
Trade Arabia
01/08/2025
NMDC Group, a global leader in engineering, procurement, construction, and marine dredging, reported a revenue of AED13.4 billion ($3.65 billion) for the first six months of 2025, representing a 10 p
Trade Arabia
01/08/2025
Saudi Aramco has reduced its official selling prices for liquefied petroleum gas for August 2025.
The state energy giant on Thursday set propane at $520 per tonne and butane at $490 per tonn
Arab News
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