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Dubai’s Biggest Bank Plans $1.76 Billion Rights Share Sale
Dubai’s biggest bank is seeking to raise 6.45 billion dirhams ($1.76 billion) from a rights share offering as it expands abroad and courts more foreigners to its stock. The state-controlled Emirates NBD PJSC plans to offer 758.8 million shares at 8.5 dirhams each, it said in a statement. That compares…
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Click here to read the full story: Bloomberg