BBK completes $133m issue
Bahrain: Sunday, November 18 - 2007 at 09:14
The Bank of Bahrain and Kuwait (BBK) has completed a $133m rights issue and has invited shareholders to collect their certificates and refund cheques, reported the Bahrain Tribune. The BBK had previously revealed that it was issuing 100m new shares at BD0.5 each, with the funds raised being used to support its aggressive growth strategy as well as its commitments under the Basel II capital requirements.
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Jonathan Sheikh-Miller, Deputy EditorSunday, November 18 - 2007 at 09:14 UAE local time (GMT+4)
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