Qatar: Qatari lender, Barwa Bank has announced the completion of a QR1.7bn ($466.8m) rights issue, aimed at funding the bank's expansion, Reuters has reported. The Shariah-compliant bank's issued capital will increase to QR3bn from QR1.9bn following the rights issue, with authorised capital raised to QR6bn from QR2.5bn, it said. The offering, which opened on December 6 and saw 109.1 million new shares offered to existing shareholders, attracted bids of QR1.9bn. [AMEInfo.com]
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