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Qatar's Ahli Bank announces capital hike
- Qatar: Wednesday, September 05 - 2012 at 10:52
Qatar's seventh-largest listed lender by market value, Ahli Bank has announced plans to raise its capital by 20% to about QR448.5m ($123.2m) through a rights issue starting later this month, Reuters has reported. Existing shareholders can buy one new share for every five they hold, the lender said, with the offer open from September 30 to October 14 inclusive. Ahli Bank is a unit of Bahrain-based Ahli United Bank , which owns 38.1% of the lender.
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StaffWednesday, September 05 - 2012 at 10:52 UAE local time (GMT+4)
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