Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- TAQA Group reports Q1 revenue of $ 3.87bn, up 3.8%
- Bahrain All Share Index closes higher
- UAE airline Etihad places major aircraft order with Boeing
- UN forecasts global economic growth to drop to 2.4% in 2025
- Dubai gold rate shoots up after Dh10 plus drop - in hours
- Abraj Energy signs deal with BP for drilling rig in Block 61
- Commercial Bank launches new CB Corporate Banking App
- QSE sees 62% of stocks in the red; index loses 19 points
- Financial markets development essential to Qatar's comprehensive financial strategy: QCB Governor
- Emirates NBD pilots new AI compliance tech to reduce risks, improve payment speed
22/08/2009 00:00 AST
Western Financial Group Inc (WES.TO) said it would offer up to C$30 million ($27.4 million) of certain preferred shares at C$100 apiece.
The company said it would offer a minimum of C$15 million and a maximum of C$30 million of preferred shares, and use the proceeds for general corporate purposes and fund ongoing capital requirements of its units.
The preferred shares will be convertible into common shares at any time at the holders option at C$2.81 per common share, Western Financial said.
The preferred shares will be entitled to fixed cumulative cash dividends of C$9.00 per share per annum, the company said.
The financing is expected to close on Sept. 3.
Shares of the High River, Alberta-based company were trading down 7 percent at C$2.10 Thursday afternoon on the Toronto Stock Exchange.
Reuters
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
16/05/2025
The global economy is under growing pressure, with growth expected to slow to 2.4 per cent in 2025, down from 2.9 per cent in 2024, according to the UN's World Economic Situation and Prospects report
Times of Oman
16/05/2025
The EU accused TikTok on Thursday of breaking digital rules after concluding that the Chinese-owned social media platform was not transparent enough about advertisements. The European Commission "fou
Kuwait Times
16/05/2025
Egypt has approved $221 million worth of deals with foreign firms for oil exploration and exploitation in the Western Desert and Gulf of Suez.
A statement issued following a meeting of the c
Arab News
16/05/2025
Syrian Finance Minister Yisr Barnieh made a call to global investors on Wednesday to come do business with Syria after US President Donald Trump's surprise announcement that he would lift all of Wash
Arab News
16/05/2025
Boeing has secured a deal with Qatar for up to 210 jets in what the White House is calling the aircraft maker's "largest-ever" widebody order, worth $96 billion.
The order comes as the Gulf
Saudi Gazette
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia