Qatar National Bank plans to increase share capital by distributing bonus shares
The statement did not specify whether the capital increase would be discussed or approved during the bank’s extraordinary general assembly on February 5
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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.
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