Business Services Industry
UAE: OASIS LEASING TO DOUBLE CAPITAL.(Brief Article)
IPR Strategic Business Information Database, March, 2005
According to Al-Bayan newspaper (March 6, 2005), the Oasis International Leasing Company yesterday announced that it would hold an Extraordinary General Meeting (EGM) on Monday to double its paid up capital from Dh 700 million to Dh 1.5 billion. The Abu Dhabi-based big ticket leasing company said shareholders would be asked to approve the issuance of 80 million shares at Dh 10 each with no subscription fee.
The Oasis International Leasing Company P.J.S.C. is a public joint stock company with limited liability formed in the Emirate of Abu Dhabi, United Arab Emirates, by Emiri decree No 10 dated 20 May 1997 and was incorporated on 12 July 1997. The Company is engaged in owning, selling, leasing and investing in all types of fixed and movable assets worldwide.
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