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CORRECTED-Qatar National Bank plans to increase share capital by distributing bonus shares
January 18, 2017 / 7:10 AM / 8 months ago

CORRECTED-Qatar National Bank plans to increase share capital by distributing bonus shares

(Corrects QNB’s capital, paragraph 2)

DUBAI, Jan 18 (Reuters) - Qatar National Bank, the Gulf’s largest lender, plans to increase its share capital by distributing bonus shares worth 10 percent of the current capital, it said in a statement on Wednesday.

The bank’s current capital amounts to 8.40 billion riyals ($2.3 billion) and after the planned 10 percent rise it will be about 9.24 billion riyals.

The statement did not specify whether the capital increase would be discussed or approved during the bank’s extraordinary general assembly on Feb. 5. ($1 = 3.6407 Qatar riyals) (Reporting by Davide Barbuscia; Editing by Mark Potter)

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