Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

desert project The family, Mohamed Abdel Hamid, owns a company called the Sahara Project. It is chaired by Mohamed Abdel Hamid in Bahrain since 1981,

desert project The family, Mohamed Abdel Hamid, owns a company called the Sahara Project. It is chaired by Mohamed Abdel Hamid in Bahrain since 1981, three years after he immigrated with his father Muhammad from Iran, the project has developed Gradually since Muhammad took over the presidency. He and his partner Ahmed bin Talal, the type of company from A small area used for communication and import from Iran to Bahrain and Saudi Arabia Commercial import and export, import and export The Gulf region, and to contribute to its success, some of the two families made their own money years in the company In the fall of 2014, the European Union saw the European Union as the largest partner business in the gulf region Funds for this activity are estimated at 20 million Bahraini dinars, equivalent to 53 million US dollars for the two families. As for the companys debt ratio (long debt), it owns equity) 40%, as its size is equal to 30 million and the value of its rights Industry average leveraged 55% The two families considered issuing 5 million shares for the company at a price of 4 Bahraini dinars, to be listed later in the The stock market, and Mohamed Abdel Hamid, God willing, is 64 years old, and his days are numbered in the management of the company I would therefore like to appoint directors of discovery international expertise to run the affairs of the company.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting An Introduction

Authors: Alex Watson, Jacqui Kew

5th Edition

0190425520, 978-0190425524

More Books

Students also viewed these Accounting questions

Question

I was partially responsible.

Answered: 1 week ago