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Al Wathba to raise capital
- Wednesday, December 28 - 2005 at 08:32
The Al Wathba Insurance Company is increasing its capital from $16.3m to $65.3m to prepare for growing business opportunities in the UAE, MD Rashid Darwish Al Kitbi told Gulf News. The company will raise the capital through a private issue to current shareholders in a two stages; $16.3m issue in the first stage and $32.7m in the second.
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James McInerney, News EditorWednesday, December 28 - 2005 at 08:32 UAE local time (GMT+4)
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