VOL. XLV

No 26

1-July-2002

BAHRAIN

BIB Treasury Share Sale Increases EquityCapital

Bahrain International Bank EC (BIB) has announced the saleof 74mn of its own Treasury shares, raising nearly $14mn and increasing thebank痴 shareholder equity by 8% to approximately $192mn. The transaction, approvedby the Bahrain Monetary Agency (BMA), the Bahrain Stock Exchange and theMinistry of Commerce, was agreed by the bank痴 shareholders at an AGM on 8June. BIB also announced the sale of its stake in Coast...