NO. 40


Financial and Banking News

Regional Banking

Commercial Bank Of Qatar Increases Capital By 50%

A rights issue and a public share offering has boosted the capital ofCommercial Bank of Qatar by 50% to QR105.5mn ($29mn) from QR70.3mn ($19mn). Aninitial rights issue of 351,562 shares made to existing shareholders closed on 2May. These were priced at QR200 per share, representing a nominal value of QR100plus a premium of QR100. Of these, only applications for 336,495...