Research

July 22, 2008

Market & Company News

Stock Symbol

Takaful House

Date

22/7/2008

Event

As of 23/07/2008, share transfers are accepted by DFM

Comment

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Stock Symbol

First Gulf Bank

Date

22/7/2008

Event

The Bank announced the issuance of Mandatory convertible bonds worth of AED 3.6 billion to UAE institutional strategic partners

Comment

Maturity date for the bonds is July 2011, and the interest rate to be paid to the bond holders before conversion into shares is 3 months EIBOR + 1%, while the conversion rate has been calculated at AED 28.80

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Stock Symbol

Tamweel

Date

22/7/2008

Event

Tamweel announces net profit of AED 387.3 million for the first half of 2008

Comment

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Stock Symbol

AMLAK

Date

22/7/2008

Event

The company announce today AMLAK Finance Jordon PLC officially established

Comment

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Stock Symbol

Gulf Finance House

Date

22/7/2008

Event

The company declared its six months financial statements for 2008 recording US$ 220.3 million as a net profit

Comment

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