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

Gulf Finance to offer rights shares to boost capital

Posted on 27 August 2009

From Bloomberg: Gulf Finance House EC, the Bahrain- based Islamic investment bank, plans to offer stock to existing shareholders to boost its capital by $300 million.

The shares have a nominal value of $0.33 apiece, according to a company statement posted on the Dubai bourse today. The bank’s board will decide on the final offer price, it said……………Full Article: Source

 
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