Published: Jun 09, 2014
Source: Emirates 24|7

News

Email this story Print this page zoomin zoomout

Mubadala to convert Dh134m of Tabreed bonds into shares

National Central Cooling Company (Tabreed) has said in a media statement that it has been notified by its bondholder, Mubadala Development Company (Mubadala), of its intention to exercise its right to convert approximately Dh134 million in mandatory convertible bonds (MCB) into shares.

The conversion of the MCB, whose issuance was approved by Tabreed’s shareholders at the annual general assembly on April 16, 2013, will result in 79.4 million new shares being issued to Mubadala and will increase Tabreed’s issued shares to approximately 738.5 million, it noted. Read more >>>

© Copyright - Emirates 24|7
comments powered by Disqus

Middle East Stock Markets

Index Last Change %Change
TASI 6,945.74 +28.71 0.42%
ADI 4,512.91 -28.13 -0.62%
DFMGI 3,416.71 -22.12 -0.64%
QE 10,089.86 -115.74 -1.13%
KSE 6,854.27 +23.42 0.34%
MSM30... 5,525.430 +15.250 0.28%
ASE... 2,185.26 -4.80 -0.22%

Recent Analyst Actions  >>

or
Company Price Opinion
Etihad Etisalat Co. 25.00 Neutral
Alinma Bank 16.40 Overweight
Yamama Cement Company 20.30 Neutral
Al Rajhi Bank 70.30 Neutral
United Electronics Company 26.30 Neutral

Markets Today Quick Links

×

Get all the latest updates about the GCC & Global Markets directly to your email