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Jazeera Airways rights issue approved

27-Aug-2012 1:00 PM

Jazeera Airways Group announced (25-Aug-2012) an Emiree decree was issued approving the company's decision to raise its capital by 91% to KWD42 million (USD148.8 million) through a rights issue of 200 million shares. The rights issue is likely to take place in 4Q2012 once the ministerial process is finalised. [more - original PR]