Wednesday, Dec 19, 2012
DUBAI (Zawya Dow Jones)--Shareholders of Emirates Islamic Bank, a lender majority owned by Dubai's Emirates NBD (EMIRATES.DFM), have approved a capital increase worth 1.5 billion U.A.E. dirhams ($409 million).
The increase in capital from AED2.4 billion to AED3.9 billion was approved at an extraordinary general meeting on Wednesday, according to a statement on the Dubai bourse website.
The increase will involve the issuance of 1.5 billion new shares at AED1 each, the statement said.
Write to Asa Fitch at asa.fitch@dowjones.com
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(END) Dow Jones Newswires
19-12-12 1050GMT
