| From Gulf-times.com: QNB, the country’s largest lender by assets, is increasing the capital by 25% through a rights issue to part fund its expansion and meet the proposed Basel III norms.
The rights issue, which will be on tap during the second quarter (April-June) of this year, has been priced at QR100 a share (including the QR90 premium), QNB chairman and Finance Minister HE Yousef Hussein Kamal said after the bank’s annual ordinary and extra-ordinary general assembly meeting which approved the 50% cash dividend and 30% bonus shares...........................................Full Article: Source
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