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BisB rights offer 100% subscribed

Message from bank CEO Hassan Amin Jarrar February 11, 2016: Bahrain Islamic Bank (BisB) announced the final result of the subscription in the capital increase offered during the period from 15th November to 29th November 2015 with 100% being subscribed. Total number of shares offered for the existing shareholders was 170,940,171 ordinary shares. Total shares subscribed were 170,940,171 ordinary shares, noting that the share offer price was...

Message from bank CEO Hassan Amin Jarrar

February 11, 2016: Bahrain Islamic Bank (BisB) announced the final result of the subscription in the capital increase offered during the period from 15th November to 29th November 2015 with 100% being subscribed.

Total number of shares offered for the existing shareholders was 170,940,171 ordinary shares. Total shares subscribed were 170,940,171 ordinary shares, noting that the share offer price was 117 fils against a nominal value of 100 fils.

Finalising share allotment formalities and trading in Bahrain bourse will be completed according to the

BisB CEO Hassan Amin Jarrar
BisB CEO Hassan Amin Jarrar

time table, which had been announced earlier. Mr. Hassan Amin Jarrar, CEO of BisB, has thanked all BisB shareholders in general and the major shareholders in particular for their effective participation, which led to the success of the issue.  Thanks are also due to the supervising entities in the Kingdom of Bahrain namely, The Ministry of Industry & Trade, Central Bank of Bahrain, and Bahrain Bourse for their valuable co-operation.

Mr. Hassan Amin Jarrar has also appreciated the success of this issue, which is expected to contribute to the successful implementation of the 5th year strategy and the support of the bank’s capital base.

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