Please wait...
GulfBase Live Support
- China's Sinopec Signs Joint Venture Agreement with Saudi Aramco Worth $4 Billion
- IMF lowers Oman's GDP growth forecast to 2.3% for 2025
- Bahrain All Share Index, Islamic Index close lower
- Gulf Bank issues its fifth Annual Sustainability Report for 2024
- BRICS ministers meet in Brazil over Trump trade policies
- Continuing excellence and driving innovation key pillars of NBK's success: Shaikha Al-Bahar
- Borouge to boost production capacity to 6.6m tonnes
- Bitcoin surges back above $95,000 as institutional interest & economic uncertainty drive growth
- Qatar Stock Exchange index rises by 12.86 points at start of trading
- World-scale Dukhan solar power plant to become operational by 2029: Al-Kaabi
30/01/2018 05:52 AST
Dubai Islamic Bank (DIB) has said it is seeking shareholder approval for a plan to raise Dh1.647 billion on the Dubai Finacial Market by issuing additional shares.
Shareholders will have a right to buy one share for every three shares held and will have a nominal value of Dh1, and the rights may be at a discount to market price, the bank said a statement posted on the Dubai Financial Market. Dubai Islamic Bank shares closed 0.62 per cent higher at Dh6.53.
"The basis of determining the rights issuance price [is] to be discussed and approved and the AGM to authorise the bank's board of directors to take all necessary actions to determine the amount, timing and details of the capital increase...," the bank said in a statement.
After the rights issue, the paid-up capital will increase to Dh6.58 billion from the present Dh4.94 billion.
The AGM will also pass a special resolution to authorise the board to issue a sukuk of not exceeding $5 billion. The shareholders will also discuss and approve the cash dividend distribution of 45 fils per share or Dh2.219 billion for last year. The agenda will be discussed at the annual general meeting on February 21.
Gulf News
01/04/2018
Dubai Land Department (DLD) has signed an e-mortgage agreement with Dubai Islamic Bank (DIB), which was signed by His Excellency Juma Bin Humaidan, Deputy Director General of DLD, and His Excellency
Media Office Dubai
26/03/2018
Dubai Islamic Bank (DIB), the UAE's largest Islamic Bank on Sunday launched MyHome, a new home finance product that is set to change the face of home finance in the UAE.
The bank said the n
Gulf News
21/02/2018
The Dubai Islamic Bank, DIB, rang the market-opening bell today to celebrate the listing of a $1 billion Sukuk on Nasdaq Dubai.
The Sukuk is the first benchmark dollar-denominated Sukuk fr
The Gulf Today
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 402.80 | 1.10 (0.27 |
| FAB | 14.10 | 0.20 (1.43 |
| EMIRATESNBD | 20.25 | 0.10 (0.49 |
| ADCB | 11.38 | 0.28 (2.52 |
| EIB | 12.25 | 0.00 (0.00 |
29/04/2025
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company aimed at operating ports, transporting crude oil, and providing ot
Asharq Al Awsat
29/04/2025
Gulf Bank has officially released its Fifth Annual Sustainability Report for the year 2024, titled "From Vision to Execution", highlighting the Bank's advancements in sustainability in line with Kuwa
Kuwait Times
29/04/2025
In an interview with CNBC International, Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK) affirmed the Group's commitment to maintaining excellence and fosterin
Kuwait Times
29/04/2025
Borouge today announced a series of strategic asset expansion projects to accelerate its growth, contributing annually between $165 million and $200 million (AED600 million - AED730 million) in EBITD
Trade Arabia
29/04/2025
Saudi developer Emaar, The Economic City has signed final agreements with four local banks to reschedule SR3.39 billion ($904 million) in existing debt and secure a new credit facility.
In a
Arab News
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia