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01/02/2018 07:37 AST
Gulf Navigation Holding said on Wednesday it has appointed Al Ramz Corporation as a Co-Bookrunner to manage their Rights Issue in order to increase its capital to Dh1 billion.
Al Ramz Corporation was selected following the completion of all the final approvals from the Securities and Commodities Authority.
Rights Issue will be issued on February 11 through February 22. The shareholders registered in the company on February 1 will get the chance to buy the shares either fully or partially.
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During its meeting held yesterday, the Board of Directors of the Gulf Navigation Holding approved the trading of the rights issued last February to the company's existing shareholders, without public
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