Lebanon Businessnews News
 

BLF increases cap
The capital will be raised to $146 million
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The capital increase will be carried out by issuing one million non-cumulative redeemable preferred shares class two, the bank said.

The bank set the price of one preferred share at $100, each with a nominal value of $6.65.

Ordinary shareholders and owners of proffered shares class one will have the preference to subscribe to the new shares. New shareholders interested in participating in the capital increase will be allowed to only if shares are left following the subscription of existing shareholders in the cap-hike, the bank said.  

Date Posted: Feb 15, 2010
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