Arab Bank Group reported net income after tax of $ 215.2 million for the nine months of 2020 as compared to $668.9 million for the prior period, recording a drop of 68%.
SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announces that it has successfully priced a USD 150 million bond issuance. The bond priced with a coupon of 7.5% will be the first high yield issuance in MENA since the onset of the COVID-19 pandemic in March 2020.
Nixu has completed the repurchase of own shares, which started on October 15, 2020 and ended on October 20, 2020. During that time, Nixu acquired a total of 10,000 own shares for an average price of EUR 8.6740 per share. The shares were acquired in public trading on Nasdaq Helsinki Ltd. at the market price prevailing at the time of purchase.
Union Properties PJSC, the leading real estate development group, with a portfolio of diversified subsidiaries, announced its financial results for the three-month period ended on 30th September 2020, with a net profit of AED 509.2 million (approximately 12 fils per share), while the profit for the nine-month period of the current year reached to AED 348.8 million (approximately 8 fils per share).