05.10.2009 - Al Baraka to raise $100mln capital through IPO for Syrian investors
From Gulfnews.com: Bahrain-based Al Baraka Banking Group BSC said Al Baraka Bank Syria shares were being offered to Syrian investors in an initial public offering (IPO) that started on Sunday. The IPO will end on November 4. Al Baraka Bank Syria capital will be five billion Syrian pounds ($100 million). Promoters have subscribed to 65 per cent of the capital, which amounts to 6.5 million shares worth 3.25 billion Syrian pounds (Dh259.2 million)..................Full Article: Source