dfm to start trading rights issue of ajman bank from oct 10
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

DFM to start trading rights issue of Ajman Bank from Oct 10

Egypt Today, egypt today

Egypt Today, egypt today DFM to start trading rights issue of Ajman Bank from Oct 10

Ajman Bank.
Dubai - Egypt Today

Dubai Financial Market (DFM) announced that the rights issue of Ajman Bank will be tradable on the exchange between October 10 and 24.

Ajman Bank will increase its capital to Dh2.1 billion through issue of 419 million shares at Dh1 each, the DFM said in a statement.

The rights are distributed amongst shareholders in proportion to the number of shares they own and would be recorded in their accounts with brokerage or custody firms.

Trading of the rights issue enables existing shareholders of the bank who do not wish to subscribe to the new shares, which the bank plans to issue as part of its capital increase, to sell all or part of their rights to other investors who do wish to subscribe.

From :Gulfnews

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dfm to start trading rights issue of ajman bank from oct 10 dfm to start trading rights issue of ajman bank from oct 10



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