Mosul Bank (BMFI)
Mosul Bank (BMFI) held its GA meeting yesterday (March 5, 2012). Shareholders decided to increase the capital from ID75bn to ID100bn by around 13% bonus issue and 20% rights issue.
Al-Mansour Bank (BMNS)
Al-Mansour Bank (BMNS) held its General Assembly (GA) meeting today (March 6, 2012). In this meeting, shareholders approved the board decision to increase the capital from ID100bn to ID236bn through 51% bonus issue and 85% rights issue. Rights issue will be only paid by the major shareholder, Qatar National Bank (QNB) and its share in the bank will reach 51% from 23%. In addition, BMNS decided to distribute 7.12% cash dividend to shareholders.