Oct 12 2011 |
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Lebanon Bank Audi Gets OK To List 1M Additional GDRs Friday
Wednesday, Oct 12, 2011
BEIRUT (Zawya Dow Jones)-- Bank Audi , Lebanon's biggest lender by assets, has received approval from the Beirut Stock Exchange to list 1 million additional global depositary receipts, or GDRs, the bourse said Wednesday.
The GDRs will be listed and allowed to begin trading starting Friday, Oct. 14, the Beirut bourse said in a statement posted on its website.
The bank converted in September 1 million of its common shares into GDRs, which will bring the overall number of its listed GDRs to about 99.58 million, according to the statement.
-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
(END) Dow Jones Newswires
12-10-11 1323GMT
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