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FINANCIAL NEWS
Kuwait’s Jazeera Airways to hike capital by 91%
11 Apr 2010
(MENAFN) A statement released by Jazeera Airways said that the Kuwait-based carrier is planning to raise its capital by 91 percent through a rights issue, Reuters reported
The low-cost airline’s board has decided to recommend to shareholders a $69.28 million capital hike by selling additional 200 million shares, it said in a statement to the Kuwaiti bourse.
The airline said in February it has fully acquired Sahab Aircraft Leasing Co., a leasing firm lunched in 2008, for $88.6 million.
The firm’s chief executive said in January that it was eyeing acquisitions in the Middle East. Jazeera, which competes with United Arab Emirates-based carriers Air Arabia and flydubai, has a firm order for 29 Airbus A320 aircraft and currently operates 11 planes across the Middle East and Egypt.
More News
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
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04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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