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- QNB Group enhances brand with new Sonic sound identity
- Barwa real estate signs two refinancing agreements worth 557 Mln USD
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- Jazeera Airways to become first carrier at Amman City Airport
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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
13/08/2025
The Dubai engineering company Drake & Scull International totalled H1-2025 net profits of Dh6.5 million. That compares to a staggering Dh3.8 billion as net profits for first-half 2024.
But t
Gulfnews
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
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30/12/2025
QNB Group announced the launch of its first-ever sonic identity, marking a new milestone in the bank's brand evolution and customer engagement journey.
Developed in collaboration with Sixièm
The Peninsula
30/12/2025
Barwa real estate group (a Qatari public shareholding company) announced the signing of two refinancing agreements with Qatar National Bank (QNB) totaling 557 million USD.
A statement by the
The Peninsula
30/12/2025
Jazeera Airways, Kuwait's low-cost carrier, has signed a strategic Memorandum of Understanding (MoU) with Amman City Airport.
Under the agreement, Jazeera Airways is set to become the first
Trade Arabia
30/12/2025
National Bank of Bahrain's (NBB) strategic vision has enhanced its agility in adapting to the rapidly changing global and regional landscape, while delivering the highest return on equity amongst its
Trade Arabia
30/12/2025
e& UAE, the flagship telecom arm of global technology group e&, in partnership with ZTT, a leading provider of advanced fibre optic solutions, has announced the completion of the region's first hollo
Trade Arabia
Financial Information Co.
Saudi Arabia