CBI to raise nominal share capital to Dh2.6b

Dubai: Commercial Bank International (CBI) said it will place for shareholder's approval a plan to increase capital during a general assembly meeting that will be held on June 12, the bank said in a statement posted on Dubai Financial Market’s website.

CBI has applied for an increase of 868.69 million shares, from 1.73 billion shares to 2.6 billion.

Each share will be valued at Dh1.

The annual bonus of employees for 2015 will also be discussed during the meeting, the statement added.