From Tradearabia.com: Arab Banking Corporation (ABC), a leading banking group based in Bahrain, said it plans to increase its paid up capital from $2 billion to $3.11 billion by way of a priority rights offering to existing shareholders.

This will substantially enhance ABC’s shareholders’ equity which stood at $2.1 billion as on September 30, 2009, said ABC chairman Mohammed Layas after the bank’s Board of Directors meeting on Wednesday…………………………………..Full Article: Source