Browsing: mandatory convertible bonds

Gulf Navigation Holding (Gulfnav), a Dubai-listed maritime and shipping firm, has signed a landmark agreement…

Shuaa Capital’s board of directors has approved an increase in the company’s share capital after issuing mandatory convertible bonds (MCBs). This move aligns with the firm’s strategy to strengthen its financial position and capital structure.

Gulf Navigation Holding’s shareholders have approved the AED 3.2B ($871M) acquisition of Brooge Energy Limited (BEL), despite initial concerns from minority investors over the potential dilution of their stakes.