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OASIS LEASING COMPANY PLANS DH 800 MILLIN RIGHT ISSUE
Info-Prod Research (Middle East), March, 2005
According to AL-Bayan newspaper (March 10, 2005), the Oasis International Leasing, the Abu Dhabi-based big ticket leasing company, will hold a shareholders meeting on march 14th to approve an Dh 800 million right issue. The shareholders will be approving the issuance of 80 million shares at Dh 10 each, with no subscription fee.
The increase in the company's paid up capital to Dh 1.5 billion has the unanimous approval of Oasis Leasing Company's board. Mohammed Saif Al-Mazrouei, Chairman, Oasis Leasing, said that the company will use the additional equity raised by the right issue to finance the company's recently announced investment in new aircraft for Etihad Airways.
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