Following the general assembly’s approval on the 4th of November, Cedrus Bank S.A.L increased its capital by $9.95M to $17.91M by issuing 1.5M nominal shares with a value of $6.63/share. These shares were executed at Midclear on the 29th of December, 2015, sending the number of non-listed common shares to 2.70M.
| Increase in Capital | $9.95M |
| Number of Nominal Shares Issued | 1.5M |
| Price/Share | $6.63 |
| Capital After Issuance | $17.91M |
| Midclear Execution Date | 29/12/2015 |
Source: Midclear