No. 12



TAIB To Issue Bonds And Rights Shares

Following its Annual General Meeting on 11 March, Bahrain-based TAIB Bank announced a dividend distribution of 6%, equivalent to $5.1mn, in addition to an issue of bonus shares in the ratio of one share for every 20 held. The shareholders also approved the issue of rights shares to existing shareholders for cash at a price of $1.05 per share at a ratio of 1 share for every 7 held, after taking into account the bonus...