DOHA: With reference to reports carried by local newspapers on October 7, 2013 regarding the Issuance of Tier 1 Capital Notes by Doha Bank, the bank yesterday clarified to the shareholders that the ‘recommendation that will be submitted to the Extraordinary General Assembly of the shareholders by the Board is not intended to increase the number of the bank’s current capital shares through the issuance of new shares, but is intended to strengthen the bank’s Tier 1 capital’.
The issuance of these notes will not entail offering any new shares for subscription, and Doha Bank’s capital shall remain at its current level of 258,372,252 and any dividend distributions will be for the shares of the current capital of the bank, an official clarification from the Bank noted.
The Peninsula
