Wednesday 28, December 2016 by Nabilah Annuar

Al-Ahli United Bank issues shares to increase paid up capital

Bahrain Bourse has announced that the paid up capital of Al-Ahli United Bank has been increased due to the issuance of 6.3 million shares pursuant to the approval from the (EGM) meeting held on 31 March 2015.

This will be effective on Wednesday 28 December 2016 as per the distribution—previous total outstanding shares at about 6.83 billion; new outstanding shares at 6.845 billion; previous total paid up capital standing at approximately $1.71 billion; and new total paid up capital at $1.71 billion.

The closing price of Al-Ahli United Bank on the 27 December 2016 is $0.64.

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