BisB shares offer fully subscribed

01/12/2015 08:26 AST

A rights offer of shares by Bahrain Islamic Bank (BisB) that ended on Sunday was fully subscribed, the bank has announced.

Under a capital increase plan, the bank offered 170,940,171 ordinary shares to existing shareholders at a price of 117 fils per share against a nominal value of 100 fils.

The two for 10 rights issue offer was open from November 15 to 29 and BisB said finalising of share allotment formalities and trading in Bahrain Bourse will be completed according to the time-table announced earlier.

The statement quoted the bank’s chief executive Hassan Jarrar as saying that it was thankful to all shareholders for “their effective participation which led to the success of the issue”.


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