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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.
BMB Investment Bank shares to resume trading
BMB Investment Bank ('BMB') announced today that trading in its shares would resume on Sunday September 4th on the Bahrain Stock Exchange.
- Bahrain: Sunday, September 04 - 2005 at 14:09
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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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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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