INSURANCE HOUSE IH.AD :
* SHAREHOLDERS APPROVE TIER 1 PERPETUAL BONDS NON-CONVERTIBLE INTO SHARES IN AN AMOUNT OF 15 MILLION DIRHAMS
* SAYS BONDS ISSUANCE FOR PURPOSE OF STRENGTHENING CO'S CAPITAL ADEQUACY AND TO SUPPORT ITS FINANCIAL POSITION
* SHAREHOLDERS APPROVE TO WRITE OFF 1.2 MILLION SHARES WITH VALUE OF 1 DIRHAM EACH TO DECREASE SHARE CAPITAL
Source: (https://bit.ly/2FtRSF0) Further company coverage: IH.AD
((Reuters.Briefs@thomsonreuters.com;))