Mubasher: Burgan Bank announced that the subscription for increasing its capital resulted in a growth of KWD 62.55 million in the shareholders’ equity rights.
This increase in the equity rights represents additional financing to the bank as well as boosting its regulatory capital adequacy ratio (CAR), according to a bourse disclosure on Sunday.
Burgan Bank’s rights issue was executed through 240.58 million shares during the period from 20 September to 10 October.
The bank will disclose the subscription results once procedures are completed.
