Doha - Mubasher: Doha Bank's ordinary and extraordinary general meetings will be held on 6 March to discuss the distribution of cash dividends at QAR 3 per share.
The meeting will also consider increasing the capital by 20% to QAR 3.1 billion from QAR 2.58 billion through offering 51.7 million shares for subscription for the company's shareholders with a closing date on 15 March.
The bank said that the subscription will be at QAR 25 per share, represented in QAR 15 as a premium issue, adding to a QAR 10 as the nominal value of the share, according to a bourse filing on Sunday.
The capital amounts to QAR 2.6 billion, distributed over 258.4 million shares, while the market value reaches around QAR 9.95 billion.
The general assembly will meet on 13 March, as an alternative date, in case of an incomplete quorum, the statement said.
The bank's general assembly will also discuss the budget, and profit and loss sheet which ended on 31 December, and approve them.
