BBK to discuss capital raise late January

Mubasher: Bank of Bahrain and Kuwait (BBK) will hold an extraordinary general meeting on 28 January to consider a capital increase through issuing convertible bonds.

BBK said in a bourse filing that it would issue BHD 100 million convertible bonds after the central bank gives its approval.

In case the quorum was not reached on 28 January, the alternative date for the meeting will be 7 February.

 

Mubasher Contribution Time: 12-Jan-2016 08:19 (GMT)