Ajman Bank sells 200m shares to Al Ramz Corporation’s units | ZAWYA MENA Edition:
"Al Ramz Corporation Investment and Development has announced that its subsidiaries bought 200 million of Ajman Bank’s shares.
About 84 million of the bank’s shares were sold at AED 0.9 per share on Thursday in the Dubai Financial Market (DFM) in consideration of AED 75.6 million.
In May Ajman Bank’s board recommended the increase of its capital in two phases, the first of which includes the increase of the paid-up capital within the AED 2.1 billion authorised capital."
'via Blog this'
Friday, 8 June 2018
Britain's FCA presses ahead with 'Aramco' listing rule | Reuters
Britain's FCA presses ahead with 'Aramco' listing rule | Reuters:
"Britain’s markets watchdog will press ahead with a new premium listing next month aimed at attracting companies like state-controlled Saudi Aramco to London, although the new rules have been tightened following criticism.
The Financial Conduct Authority’s proposal last year led to suggestions the British government had influenced the watchdog to try to secure the Saudi energy company’s listing.
Saudi Arabia is expected to float up to 5 percent in Aramco in Riyadh and an international venue such as London or New York in what is expected to be the biggest initial public offering ever and would boost the reputation of its chosen listing venue. "
'via Blog this'
"Britain’s markets watchdog will press ahead with a new premium listing next month aimed at attracting companies like state-controlled Saudi Aramco to London, although the new rules have been tightened following criticism.
The Financial Conduct Authority’s proposal last year led to suggestions the British government had influenced the watchdog to try to secure the Saudi energy company’s listing.
Saudi Arabia is expected to float up to 5 percent in Aramco in Riyadh and an international venue such as London or New York in what is expected to be the biggest initial public offering ever and would boost the reputation of its chosen listing venue. "
'via Blog this'
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