VOL. XL
No. 29
21-July-1997
QATAR
CBQ Raises Capital, Shareholders' Equity
Doha-based Commercial Bank of Qatar (CBQ) announced on 14 July that its offer of527,343 new shares has been taken up by existing shareholders (499,625 shares or 94.7%) atQR250 and by new investors at QR300 per share (QR100 nominal value and QR200 premium) in apublic offer that closed on 9 July. The offer was 6.5 times oversubscribed. CBQ offeredthe shares to increase its capital by 50% to QR158.2mn ($43.4mn), bringing...
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