Middle East Economic Survey
Commercial Bank Of Qatar Completes Rights Issue
Commercial Bank of Qatar announced the successful conclusion of its recent rights issue in which over QR889mn ($1=QR3.74) in new capital has been raised. Shareholders were given the right to buy one new share for every five held. The issue, which was opened on 2 May and closed on 31 May, was 1.2 times oversubscribed and in total the bank received QR1.093bn. The net result...