ABC plans $1bn increase in share capital
Bahrain-based Arab Banking Corporation announced yesterday a rights issue approved by its shareholders to double its paid up capital by way of raising $1bn in Tier 1 capital. Shareholders agreed to an increase in the authorised capital of the bank from $1.5bn to $2.5bn and an increase in issued and paid up capital from $1bn to $2bn by way of a priority rights offering to existing shareholders....
5/1/2008 11:58:50 AM
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