About 1.2 million people are currently sheltering in the Palestinian city
mena2 hours ago
The Abu Dhabi based leasing company said the additional 80 million shares would be allocated according to UAE federal laws and Abu Dhabi Security Market regulations. The rights issue raises Oasis Leasing's paid up capital to Dh1.5 billion.
Mohammed Saif Al Mazrouei, Chairman, Oasis Leasing said: "Whenever a share offer is oversubscribed it is undoubtedly a success. For the rights issue to be oversubscribed by 28 per cent is a vote of confidence in the future of Oasis Leasing by our existing shareholders. The additional capital will enable us to grow and diversify our assets and to continue to generate attractive shareholder returns."
Oasis Leasing recently formed a joint venture with the Abu Dhabi Investment Company (ADIC) and Tabreed after buying a stake in the Industrial City Cooling Company (ICCC), which owns two district cooling plants in Musafah, worth approximately Dh80 million. It is the company's first investment in non-aviation and non-maritime assets.
The company is also close to concluding an agreement with Etihad Airways. The two have signed a Letter of Intent (LoI) for eight A330, 200s.
About 1.2 million people are currently sheltering in the Palestinian city
mena2 hours ago
The board has decided to discontinue compartment exams for Classes 10 and 12 starting this session
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The aircraft will serve short to medium haul cities, with Bahrain as its inaugural destination
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Akhizah and Ayeesha were accompanied by their parents as they were flown out on an evacuation plane
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