The company in June announced that global energy leader Engie will purchase 40 per cent of Tabreed from Mubadala through the conversion of Mubadala's Mandatory Convertible Bonds
(MCBs) and transfer of 1.
A total of 595 million kilowatt hours of electricity was saved across the GCC, enough energy to power approximately 20,000 homes every year, which in turn led to the prevention of the release of almost 297,500 tons of carbon dioxide, the equivalent of eliminating the emissions of 59,500 vehicles annually In other developments, the company recently announced that global energy leader ENGIE will purchase 40 per cent of Tabreed from Mubadala through the conversion of Mubadala's Mandatory Convertible Bonds
, MCBs, and transfer of 1.
According to an announcement by Mubadala Investment Company and Engie, Mubadala will convert all of its mandatory convertible bonds
into shares, with 1.
The company denies the appointment of any legal adviser in connection with bringing in a strategic investor or issuance of mandatory convertible bonds
," the company told the Dubai Financial Market (DFM).
Sadangi also said that an issue of mandatory convertible bonds
is also among the options being considered by the contractor's senior management team.
On 15th June 2016, ADNIC issued AED 390 million three-year Mandatory Convertible Bonds
(MCB) bearing 7.
The new 450 million credit facility granted to Vallourec SA will become available subject to the closing of Vallourecs contemplated rights issue and a total capital increase (including the rights issue and mandatory convertible bonds
reserved for Nippon Steel & Sumitomo Metals Corp and Bpifrance) in an amount approximately equal to the 1 billion previously announced, as well as other customary conditions.
In 2015, the company connected over 15,000 refrigerated tonnes (RT) to customers in key markets across the GCC, while bringing to a successful conclusion the repurchase of 28 per cent of the outstanding mandatory convertible bonds
held by its bondholder.
For the year 2014, the bank will pay 25 per cent cash dividend, 15 per cent in the form of mandatory convertible bonds
and 5 per cent as bonus shares.
Bank Muscat's board has proposed a 40% dividend for 2013 comprising 25% in cash and 15% in the form of mandatory convertible bonds
The dividend would be offered 25 percent in cash and 15 percent in mandatory convertible bonds
Of the proposed dividend 25% would be in cash and 15% would come in the form of mandatory convertible bonds