GEMS Education to raise funds for expansion into Asia and Africa through IPO and other means. GEMS Education Ltd is projecting to raise between US$650 million and US$1 billion during its initial public offering.
Tags: Dubai
Arabtec to do Rights Issue Worth US$650 Million
Arabtec is preparing to do a rights issue worth around US$650 million. Arabtec, the contractor based out of Dubai and partly owned by Aabar Investments of Abu Dhabi, is now preparing for a US$650 million rights issue scheduled on June 9.
Majid Al Futtaim to Purchase Mansour Group Assets
Majid Al Futtaim is discussing with the Mansour Group for the purchase of the Metro Chain and Kheir Zaman discount grocery store.
ENBD Pays Back Bailout Funds
Emirates NBD has repaid its bailout funds in the amount of 3 billion UAE dinars. Dubai's largest financial institution, Emirates NBD has repaid for April the amount of 3 billion UAE Dinars or US$816.
Arcadia Shutting Down Dubai and Switzerland Operations
In a decision, Arcadia is shutting down operations in Dubai and Switzerland as well as a change in CEO.
