Commercial Bank Announces the Invitation To Subscribe In The Rights Issue From 08/01/2017 To 22/01/2017

 

December 29, 2016

 

The Extraordinary General Assembly of the Bank held on 16 November 2016 resolved to increase the issued share capital of the Bank from QAR 3,266,292,100 to QAR 3,854,527,390 by way of offering 58,823,529 new ordinary shares for subscription at a price of (QAR 25.50) twenty five Qatari Riyals and 50 Dirhams each (10 Qatari Riyals nominal value 15.50 Qatari Riyals issue premium) (the Rights Issue). 

The subscription period for Shareholders and Holders of Subscription Rights will start on Sunday 8 January 2017 and shall end at 1:00pm on Sunday 22 January 2017 Doha local time.