BisB announces results of its Rights Offer which has been 100% subscribed

30 November 2015
Hassan Jarrar: We thank our shareholders for their effective participation

Bahrain Islamic Bank announced the final result of the subscription in the capital increase offered during the period from 15^th November to 29^th 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.

Finalizing share allotment formalities and trading in Bahrain Bourse will be completed according to the time table which has been announced earlier.

On this occasion, Mr. Hassan Amin Jarrar - CEO of BisB would like to thank 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 - CEO has also appreciated the success of this issue which is expected to contribute to successful implementation of the 5^th year Strategy and the support of the Bank's capital base.

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© Press Release 2015