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: )
NEW YORK, March 2 Two Rockwell Medical Inc. shareholders have launched a proxy fight against the company, nominating themselves to serve as directors on the board.
David Richmond, Chairman of wealth management firm Richmond Brothers Inc., and investor Mark Ravich - who together own 11.9 percent of the company - have nominated themselves as directors on the board of Rockwell Medical, which makes a kidney dialysis product called Triferic.
The investors believe the company has failed to monetize its drug candidates, according to a statement seen by Reuters. (Reporting by Michael Flaherty)
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.