Friday 12 February 2010
Mashreq Seeks to Raise Size of Euro-Medium Note to $5 Billion
Mashreqbank PSC, the United Arab Emirates lender owned by billionaire Abdul Aziz al-Ghurair, plans to seek shareholders approval to raise the size of its euro medium-term notes program to $5 billion from $2 billion.
The lender has scheduled an extra-ordinary general assembly meeting in Dubai on March 7 for the approval, it said in a statement to the Dubai bourse today.END
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