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01 Jan

Gulf Navigation Holding said on Tuesday it will sell new shares to existing investors in the first quarter to raise funds for expanding its business as the Dubai-based shipper targets a goal of increasing its revenues by 300 per cent by 2021.

The Dubai-listed company said it will increase the company's capital by Dh448.3 million to raise the company's total paid up capital to Dh1 billion, distributed over one billion shares at a par value of Dh1 a share.

Gulf Navigation Holding said on Tuesday it will sell new shares to existing investors in the first quarter to raise funds for expanding its business as the Dubai-based shipper targets a goal of increasing its revenues by 300 per cent by 2021.

The Dubai-listed company said it will increase the company's capital by Dh448.3 million to raise the company's total paid up capital to Dh1 billion, distributed over one billion shares at a par value of Dh1 a share.

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01 Jan

The EQUATE Group, a global producer of petrochemicals, earned regional recognition by receiving the Investment Grade Bond/Sukuk Deal of the Year Award at the 2017 GFC Media Middle East Awards in Dubai.

The award was for EQUATE’s debut issuance of $2.25 billion 144A and Reg S five-year and ten-year dual-tranche bond offering, which was issued during November 2016. The bond issuance is part of EQUATE’s long-term financial restructuring plan following the acquisition of MEGlobal in December 2015.

The EQUATE Group, a global producer of petrochemicals, earned regional recognition by receiving the Investment Grade Bond/Sukuk Deal of the Year Award at the 2017 GFC Media Middle East Awards in Dubai.

The award was for EQUATE’s debut issuance of $2.25 billion 144A and Reg S five-year and ten-year dual-tranche bond offering, which was issued during November 2016. The bond issuance is part of EQUATE’s long-term financial restructuring plan following the acquisition of MEGlobal in December 2015.

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01 Jan

UAE-based Gulf Islamic Investments (GII) has announced the acquisition of nearly one million square feet of logistics centres for Amazon for $144 million.

The two Grade A logistics centres, located in Dortmund, Germany, serve as Amazon’s key logistics centres supplying goods to 29 other facilities, the company said in a statement.

The newly built facilities are leased out to Amazon on a long-term lease with regular rental uplifts linked to Germany CPI, it added.

UAE-based Gulf Islamic Investments (GII) has announced the acquisition of nearly one million square feet of logistics centres for Amazon for $144 million.

The two Grade A logistics centres, located in Dortmund, Germany, serve as Amazon’s key logistics centres supplying goods to 29 other facilities, the company said in a statement.

The newly built facilities are leased out to Amazon on a long-term lease with regular rental uplifts linked to Germany CPI, it added.

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