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Air Arabia shareholders approve 20% dividend for FY2023
SHARJAH, UAE – Air Arabia shareholders approved the distribution of a 20 percent cash dividend for the financial year ended December 31, 2023 (FY2023), at the company’s Annual General Meeting (AGM). The dividend, which is equivalent to 20 fils per share, underscores another year of record financial performance for the...
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FAB shareholders approve dividend
The 50% cash dividend would be to the tune of US$2.12bn. -
Alcoa to buy Alumina in all-stock deal
The US aluminum producer will buy Alumina for US$2.2bn. -
Aldrees Petroleum to hike capital by 33%
The company's capital now stands at US$266 milion. -
Qatar Islamic Bank profit up
It posted a 7.5% jump in net profit to US$1.18bn last year. -
Saudi Chemical Co announces dividend
The company will distribute $11,385,120 to its shareholders. -
European banks lack transparency on green finance: NGO
ShareAction said banks amplify "green credentials to their customers and shareholders" but there is a "structural" lack of transparency on what their green finance activities achieve. It examined the green finance commitments and activities of Europe's top 20 banks. Banks are widely criticised for slow progress on the transition to... -
Al Ansari Financial Services okays dividend
The first proposed interim dividend is of $81 million. -
Bristol Myers to buy Mirati
The US firm will pay US$4.8bn to acquire cancer drugmaker. -
Agthia okays H1’23 interim dividend
The interim dividend reflects the firm’s robust balance sheet. -
Qantas posts bumper profit
The airline's annual profit climbs up to US$1.1 billion. -
ACWA Power okays dividend
The shareholders approved to distribute an 8.3% dividend. -
Newmont snaps up Newcrest for $19bn to create a world-leading gold producer
By swallowing up Newcrest, the US mining giant will cement its position as the world's biggest gold producer, with operations extending across North and South America, Africa, Australia and Papua New Guinea. The takeover, expected to be completed by the end of 2023, has an implied value of Aus$28.8 billion,... -
Dana Gas posts fall in profit
Its net profit fell 7 percent to US$50 million in Q1 of 2023. -
Bank of Sharjah to boost capital
The US$218mn capital infusion will foster bank's growth. -
Eshraq to buyback shares
The share buyback is expected to enhance shareholder value. -
e&’s board declares dividend
The dividend for H2 of 2022 will be at AED 0.4 per share. -
DEWA approves payment of US$1.29bn in dividend to shareholders
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) which is listed on the Dubai Financial Market (DFM) on Monday reported that its shareholders approved the payment of total dividend of US$1.29 billion (AED 4.77 billion) with a record date of April 20, 2023. This approval came during DEWA’s general... -
Credit Suisse chiefs apologize to shocked shareholders
ZURICH, SWITZERLAND - Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in smoke. Credit Suisse's chiefs fronted up at the bank's annual general meeting, 16 days after its... -
Empower to pay $116m dividends
The amount makes 42.5% of the company's paid-up capital. -
DFM approves cash dividend
The company posted an increase of 41.7% in profit. -
DIB declares 30% dividend
The bank’s net profit in 2022 surged 26 percent. -
Air Arabia to pay 15% dividend
The shareholders approved dividend after record growth. -
UniCredit 2022 net profit at $7bn
Bank said it would pay out US$5.6 billion to shareholders. -
GIS, DIG halt merger talks
The talks for the merger have not yielded a "common vision." -
Response Plus declares dividend
It will pay an interim dividend of $12.79m to shareholders. -
DEWA approves special $552m dividend
The record date for the dividend is 22 Dec. 2022. -
Walaa to merge with SABB
The firm won the shareholders' approval for the merger. -
Tabreed okays 100% foreign ownership
The previous cap on foreign ownership was 49 percent. -
Southern Cement H1 profit $40mn
Profit fell 42 percent compared to H1 2021. -
Fujairah Cement off Boursa Kuwait
The company has obtained approval of Capital Market Authority-Kuwait to do so. -
IHC doubles its profit in Q1
The Abu Dhabi company has posted $970m profit. -
JetBlue makes $3.6bn bid for Spirit Airlines, upstaging Frontier deal
JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier Airlines in the discount flying market. -
e& to pay AED0.4 dividend
The total annual dividend for 2021 is now Dh0.8 per share. -
Ithmaar Holding of Bahrain to sell ‘assets’ to Al Salam Bank
Shareholders of Ithmaar Holding have approved a plan to sell a few of the company's assets to Al Salam Bank. -
TAQA to recommend $600m dividend
The company has already paid $500m in quarterly dividends. -
Qatar Industrial Co. posts net profit of $38m in 2021
Qatar Industrial Manufacturing Co. has reported a net profit of $38m for 2021 in comparison to net profit of $23m for the same period of the previous year. -
DFM 2021 net profit $28m
Its total revenues reached AED294.6m in 2021, reduces expenses by 4 percent. -
YahSat Q3 profit down 38 percent
YahSat said its contracted future revenues are over $2 billion. -
Banan to distribute cash dividends
The shareholders will get dividends for the period ending June 30. -
ADNOC Distribution will pay $350 million H1 interim dividend to shareholders
DUBAI: ADNOC Distribution has announced AED1.285 billion ($350 million) as an interim dividend payment to shareholders for the first six months of 2021. This is the first payment in what is expected to be a full-year 2021 dividend payment of AED 2.57 billion. This would translate to a 4.9 percent... -
Tehran to issue 20 million more Justice Shares
Issued during the rule of former president Mahmoud Ahmadinejad in 2006, the Justice Shares were intended to assist economic privatization efforts. -
Shareholders okay Arkan merger
Arkan will merge with Emirates Steel by the end of this year. -
AlSagr shareholders shout ‘no’ 15 times to reject 15 of 20 items during AGM
Not once, or twice, or even five times, AlSagr shareholders shouted no 15 times to reject three-quarters of the items tabled at its annual general meeting last week. Shareholders did not approve 15 of the 20 items for discussion – including the company’s 2020 financial results, the insurer revealed in...