VOL. XLVI

No 1

6-January-2003

REGIONAL BANKING

Ahli United Bank Raises Share Capital By $257Mn

Bahrain-based Ahli United Bank has announced that its share issue launched on 25 November will raise the banks capital by $257mn to reach $650mn. Trading in Ahli shares on the Bahrain Stock Exchange was due to start on 31 December. A source at the bank said that the capital increase will be an important step towards implementing Ahlis strategy of expanding its activities in the Gulf Cooperation Council...