Qatar National Bank plans to increase share capital by distributing bonus shares

Dubai: Qatar National Bank, the Gulf’s largest lender, plans to increase its share capital by distributing bonus shares worth 10 per cent of the current capital, it said in a statement on Wednesday.

The bank’s current capital amounts to about 9.2 billion riyals (Dh9 billion, $2.53 billion) divided into approximately 923 million shares with a nominal value of 10 riyals each.

The statement did not specify whether the capital increase would be discussed or approved during the bank’s extraordinary general assembly on February 5.