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
19/06/2012 07:58 AST
AMAR Holding, a leading developer and investor in commercial and Global Emerging Markets Limited (GEM Group), a European-based alternative investment group focused on making capital investments in emerging markets including the Middle East and North Africa (MENA) region, hereby announce the signing of a three-year financing agreement lead by GEM for a total amount up to 73.675 million. This was announced in a press release on Monday. According to the terms of the Agreement, AMAR Holding has the right to access the financing contemplated in the Agreement through the issue of shares and bonds convertible to shares of Remal issued to GEM via a private placement. The Company intends to use the funds to develop real estate projects in the region, particularly in Sharm El Sheikh and Dubai. The funds will be used to effect acquisitions and fully develop projects. The deal was advised by Soter Capital. Soter is a boutique investment bank offering tailored top-tier quality financial services in the Middle East and North Africa.
KUNA
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| OSOUL | 159.00 | 1.00 (0.63 |
| BAYANINV | 56.60 | 0.20 (0.35 |
| GFC | 144.00 | -5.00 (-3.36 |
| KINGDOM | 8.84 | 0.09 (1.02 |
| TADAWULGROUP | 179.00 | -2.20 (-1.22 |
16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia