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FINANCIAL NEWS
Emirates Islamic Bank to raise capital with USD4.8m
09 Oct 2016
(MENAFN) According to Emirates Islamic Bank, its plans are to raise USD408m in a rights issue, in order to increase its capital.
However, it is the latest Gulf bank to raise its capital ratios, through a rights issue or the sale of capital-boosting bonds or sukuk.
Additionally, as it said in a statement, the rights issue will increase the banks paid up share capital from 3.93b dirhams to 5.43b dirhams.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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