31 May 2010
(MENAFN) UAE?s National Central Cooling Co. (Tabreed), the refrigeration company that delayed payments on an Islamic bond earlier this month, said that it plans to raise $1.1 billion from a debt sale, Gulf News reported.
The company?s shareholders approved the sale of Islamic or conventional bonds, Tabreed said in a statement to the Dubai bourse today. Shareholders also agreed to a proposal to cancel as much as 970 million shares.
Tabreed is in talks with banks to restructure about $1 billion of loans, the Chief Financial Officer Stephen Ridlington said May 27.
The provider of cooling services for the Dubai Metro said it hasn?t made coupon payments due the previous week on its $463 million Islamic bond after the board in April approved deferring annual payments as part of a recapitalization plan.
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
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
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more