Please wait...
GulfBase Live Support
- Dubai gold price surprises shoppers with near Dh7 jump after 3 days of drops
- Dubai logistics firm Aramex CEO Othman AlJeda resigns
- UAE banks continue to hit high growth in Q1-2025, with ADIB's net profit at D1.9b
- Saudi Social Development Bank Surpasses $43.2 Billion in Total Financing
- Salalah Port welcomes eco-friendly container ships
- US Treasury's Bessent Urges IMF, World Bank to Refocus on Core Missions
- Oman launches RO100mn development bonds issue
- Oman Airports posts strong financial and operational growth for 2024
- QNB, Mastercard launch new debit cards campaign to reward customers
- Bahrain All Share Index closes lower
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 |
24/04/2025
US Treasury Secretary Scott Bessent on Wednesday called on the International Monetary Fund and World Bank to refocus on their core missions of macroeconomic stability and development, arguing that th
Asharq Al Awsat
24/04/2025
Lebanon's annual inflation rate eased to 14.2 percent in March, down from 70.36 percent a year earlier, according to the latest data from the country's Central Administration of Statistics.
Arab News
23/04/2025
Pakistan's finance minister said on Tuesday the country wants to broaden trade and investment ties with the United States, especially in minerals critical to the energy transition, while also joining
Arab News
21/04/2025
China on Monday accused Washington of abusing tariffs and warned countries against striking a broader economic deal with the US at its expense, ratcheting up its rhetoric in a spiralling trade war be
Reuters
21/04/2025
Chair of the European Parliament's Foreign Affairs Committee David McAllister said the European Union is ready to resume free trade negotiations with the countries of the Gulf Cooperation Council (GC
Asharq Al Awsat
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia