The Bank's shares had been suspended from June 2004 due to the then pending capital re-organization plan.
The resumption of trading in the Bank's shares marks the final step in the process of capital reorganization which has seen a total of US $52.33 million in new capital injected into the Bank. With this capital increase, the Bank's capital adequacy ratio stands at 15.47%.
The finalization of the capital raising had also completed the conditions necessary towards the activation of the Bank's refinancing agreement with its group of US $75 million syndicated facility lenders.
New share certificates have now been issued and are available to shareholders with the Bank's share registrar, KPMG Fakhro.
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BMB Investment Bank shares to resume trading
- Bahrain: Sunday, September 04 - 2005 at 14:09
- PRESS RELEASE
BMB Investment Bank ('BMB') announced today that trading in its shares would resume on Sunday September 4th on the Bahrain Stock Exchange.
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Notes and media contacts
For further information, contact:Haya Abuzeid
EVP, Corporate Communications
Bahrain Middle East Bank (BSC)
Tel. (973) 17 528 102, Fax (973) 17 530 987
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, September 04 - 2005 at 14:09 UAE local time (GMT+4)
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