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FINANCIAL NEWS
Saudi Emaar to boost capital to USD1.39b
07 Jul 2014
(MENAFN) Emaar Economic City said shareholders of its Port Development Company subsidiary plan to boost its capital to USD1.39 billion to finance the expansion project of the Kingdom”s first privately-owned port, according to Arab News.
The rise in capital will bring the current holding of Emaar Economic City to USD693 million, or 50 percent stake.
The company also aims to strengthen the financials of the port company and facilitate funding ahead of the planned second phase of work on King Abdullah Enomic City port which includes upping capacity.
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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