NBF concludes rights issue

DUBAI — National Bank of Fujairah has successfully concluded its rights issue raising an additional Dh225 million of shareholders' funds. Shares were offered to existing shareholders who fully subscribed to the rights share offering.

By A Staff Reporter

Published: Wed 29 Jun 2005, 10:25 AM

Last updated: Thu 2 Apr 2015, 2:49 PM

The issue was announced by Shaikh Saleh bin Mohammed Al Sharqi, the bank's chairman, at the Annual General Meeting held on April 24. The bank has increased its share capital by Dh150 million and raised a further Dh75 million as share premium making a total raised to Dh225 million. Asad Ahmed, general manager of the bank said: "We are delighted that this major exercise has been successfully completed and the issue has received much attention from existing shareholders and many others."

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