REG - Commercial Bk Qatar - Announcement re: Rights Issue <Origin Href="QuoteRef">COMB.QA</Origin>

Commercial Bank PSQCAnnouncement

12/12/2016 08:05

RNS Number : 5446R
Commercial Bank of Qatar (Q.S.C.)
12 December 2016
The Commercial Bank (P.S.Q.C.)
The Extraordinary General Assembly of the Bank held on 16 November 2016 (the Meeting) 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 Commercial Bank (P.S.Q.C.) draws shareholders' attention to the date set for their subscription to the Bank's capital increase
Shareholders registered at Qatar Central Securities Depositary have the priority right to subscription as at close of trading on Thursday 8 December 2016.
The Prospectus for the Rights Issue will be published shortly following approval from the relevant authorities.
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