Abu Dhabi-based Aabar Investments has announced it has obtained shareholders approval for a $2bn convertible bonds sale to International Petroleum Investment Co (IPIC), Reuters has reported. The convertible bonds will be issued at the conversion price of 2.5 dirhams per share, the firm said in a statement. IPIC, wholly-owned by the government of Abu Dhabi, is the majority shareholder in Abu Dhabi-listed Aabar.
You might also like...
Aramco extends Karan field bid deadline
24 April 2024
Muscat appoints expressway consultant
24 April 2024
Dubai activates business as usual
24 April 2024
No extension for Dubai sewer tunnel prequalification
24 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.