Bank Aljazira to resubmit capital hike request

28/07/2016 Argaam

Bank Aljazira has said it will resubmit its capital raise request by way of rights issue to the Capital Market Authority (CMA), the bank said in a statement.

 

The bank has already appointed NCB Capital as a financial adviser for its upcoming SAR 3 billion rights issue.

 

Last July, Aljazira’s board submitted a proposal for the capital increase, but later withdrew it in December due to market conditions, Argaam reported.

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