The use of rights issues in the Gulf is beginning to recover after the correction of the region's stockmarkets last year, according to research by Trowers & Hamlins, the international law firm. The amount raised by rights issues on equity markets in the Gulf for the 12 months ending in June 2007 fell 69% to US$4.6bn from $14.7bn in the same period the previous year. However, the 2006/7 figure is still more than was raised in 2004/5, when it was $4.36bn, and far more than in 2003/4 when it was just $147m.

[AMEInfo.com]



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Posted: 09|27|07 at 10:59 am. Filed under: News.