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Solidarity, $50m rights issue
- Bahrain: Sunday, July 02 - 2006 at 12:29
Takaful company Solidarity has completed the first $50m rights issue phase of its overall $175m capital increase. The second phase will be in the form of a $75m private placement, while the final phase will be an IPO, aiming to raise a further $50m. The capital increase is to enable Solidarity to implement its strategy of expansion in major international markets.
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Jonathan Sheikh-Miller, Deputy EditorSunday, July 02 - 2006 at 12:29 UAE local time (GMT+4)
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