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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Barclays' proposed Gulf investors amend injection plan AFP - Wednesday, November 19 LONDON (AFP) - - Barclays said on Tuesday that proposed investors from the oil-rich Gulf would dispose of shares worth 500 million pounds should its capital injection win the support of existing shareholders. It had been reported that big existing Barclays shareholders had threatened to vote against the bank's bid to raise billions of pounds from Gulf investors. Last month, Barclays announced a capital injection worth 7.78 billion pounds, mostly from oil-rich investors in Abu Dhabi and Qatar, to bolster its finances amid the global credit crunch. Although the cash call fell slightly short of target, the fresh capital means Barclays will not have to tap funding from the government, unlike some of its competitors, as it grapples with the worst financial crisis in decades. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo A Barclays branch in London. Barclays said that proposed investors from the oil-rich Gulf would dispose of shares worth 500 million pounds should its capital injection win the support of existing shareholders. Most Popular – Top Stories Viewed Citigroup to slash 50,000 jobs, expenses worldwide Exercise, sleep cuts cancer risk: study Obama and McCain pledge 'new era of reform' Earth would be heading to a freeze without CO2 emissions Prince Charles wants to speak out as king: biographer View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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