EEMEA market round up: Record Gulf rights issues

COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: SContreras@Euromoney.com

By:
Dominic O’Neill
Published on:

Gulf firms raised a record $15.76 billion in rights issues from July 2007 to June 2008, a 242% increase on the previous 12 months. In the first six months of 2008, rights issues in the Gulf Cooperation Council states raised $11.9 billion from shareholders, according to research from UK law firm Trowers & Hamlins.