BRIEF-Egypt's Naeem Holding board approves capital increase
* Board approves issued and paid-up capital increase to $218.6 million from $198.7 million through bonus share issue Source: (http://bit.ly/2qvUGWl) Further company coverage: )
April 14 SP Setia Bhd:
* S P Setia, Permodalan National Berhad and Amanahraya Trustees Berhad entered into a non-binding MOI to commence negotiations on proposed acquisition by co of entire equity interest of I&P Group
* The indicative price for the proposed I&P acquisition is estimated to be within the range of 3.5 billion RGT to 3.75 billion RGT
* Proposed I&P acquisition will be funded by a combination of equity, internally generated funds and borrowings Source text: [bit.ly/2nLkmlm] Further company coverage:
DUBAI, May 28 Gulf stock markets may have a soft tone in thin trade on Sunday after global oil producers agreed after the close on Thursday to extend cuts in output by nine months to March 2018.