| 06.03.2009 - Emirates NBD to seek $3.4bln equity boost |
| From Tradearabia.com: Emirates NBD will seek shareholder approval to convert 12.6 billion dirhams ($3.43 billion) in emergency federal deposits it received last year into equity. The move would fortify the Tier 2 regulatory capital base and increase equity at the bank, one of the top three in the United Arab Emirates, by around 50 percent..... Full Article: Source |