12-Apr-2010 12:23 PM

Jazeera Airways Board approves plans to launch rights issue

Jazeera Airways Board of Directors approved plans to launch a rights issue to raise the carrier’s capital by 91%, to KWD42 million (USD146 million) (Zawya Dow Jones/Reuters, 11-Apr-2010). The carrier plans to issue 200 million new shares worth KWD 150 fils each, including a premium of KWD 50 fils, subject to shareholders’ approval.