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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds) more

Emirates NBD to seek $3.4bln equity boost

Posted on 06 March 2009

From Tradearabia.com: Emirates NBD will seek shareholder approval to convert 12.6 billion dirhams ($3.43 billion) in emergency federal deposits it received last year into equity.

The move would fortify the Tier 2 regulatory capital base and increase equity at the bank, one of the top three in the United Arab Emirates, by around 50 percent….. Full Article: Source

 
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