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The Arab Islamic Bank offers 2.33 million shares for secondary subscription

2013-11-28

Following the Extraordinary General Assembly Meeting for The Arab Islamic Bank on 28/09/2013 and after the approval of the Palestinian Capital Market Authority, The Arab Islamic Bank announced offering shares through secondary subscription as follows: 

• The number of shares offered for secondary subscription is 2,327,516 shares with an offering share’s price of (1 US Dollars).
•  Subscription is limited to the shareholders of The Arab Islamic Bank that are registered in the company’s registry as the end of trading day of 20/11/2013.
• The shareholder has the right to subscribe of 4.8823% of the total number of owned shares in the company.
• The subscription will be through The Arab Islamic Bank branches throughout Palestine.