Barwa Bank offers shares subscription to raise capital
Barwa Bank has oficially announced that subscription applications have been mailed to all share holders. Subscription will start on December 6 and close on December 29, 2011.
The bank is presenting six shares for every ten shares held. The new shares are given at QR16 per share, which includes the nominal value of QR10 and a premium of QR 6.
Following documents must be attached to the application form:
- Individuals: ID card
- Minors: ID card or birth certificate stating the national number in addition to the ID card of the parent or legal custodian
- Corporates: a recent copy of the Commercial Registration, ID copy of the authorised signatory and an authorisation letter from the company
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