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| Steve Troop: ‘This increase will have a positive impact on our performance |
Subscription will begin tomorrow and close on December 29.
The offering is of 109,130,900 new shares for subscription to shareholders who were on the register at close-of-business on October 24.
The bank is offering six shares for every 10 shares held by the shareholders. The new shares are offered at QR16 per share, which includes the nominal value of QR10 and a premium of QR6.
On the importance of the subscription, Barwa Bank Group CEO Steve Troop said: “I would like to thank our shareholders for supporting the board’s decision to increase the capital at the recent extraordinary general meeting. We are confident this increase will have a positive impact on our performance and enable us to maintain our position as a leading Shariah-compliant financial group
in Qatar.”
To ensure a smooth and easy subscription, Barwa Bank’s Investors Relations Department has mailed the subscription application forms to shareholders who can apply through any of the bank’s branches attaching the following documents 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
In addition to Barwa Bank branches around Doha, shareholders can contact Investor and Shareholder Relations Department for more information on telephone number 44488777 or fax number 44488676 or e-mail address [email protected].
A dedicated team of specialists are available to answer questions and assist shareholders with their subscription
application.
