Regional Banking

Al Ahli Bank Of Qatar To Raise Capital By 50% To QR90Mn

The General Managerof Al Ahli Bank of Qatar, Mr. Taha 'Umar, announced on 23 October that the bankwill issue 300,000 new shares on 1 November in order to finance a QR30mn($8.2mn) increase in capital. The bank intends to raise its paid-in capital by50% from QR60mn ($16.5mn) to QR90mn ($24.7mn). It will give current shareholdersthe first option to purchase the shares at QR150 ($41.20) each....