Sunday 21, December 2008 by
al khaliji Board skips dividend, votes to issue shares to Qatar Investment Authority
al khaliji is to issue of up to 20% new shares to the Qatar Investment Authority. The bank’s move will increase the share capital of al khaliji by a maximum of 20% (144 million) new ordinary shares, to be issued to the Qatar Investment Authority on terms to be agreed by the Board, but at a price equivalent to the DSM average closing price of the Bank’s ordinary shares at close of business on Sunday 12 October 2008, of QAR11.60. The priority rights of existing shareholders to subscribe for such new shares are being waived.
