Doha Bank, the Qatari lender which issued a $500 million bond in March, plans to raise its capital by 50 percent in the first quarter of 2013 to meet strategic business requirements, it said on Wednesday.
Doha Bank's board of directors approved plans for a capital hike at a meeting on Sept. 18, and will now seek approval from shareholders at an extraordinary general assembly, the bourse statement said.
No details of how the bank plans to raise capital or the size and date of issue were provided in the statement, which said these would be disclosed after the necessary studies and approvals were in place.
know more about Dubai Forex
ReplyDelete