After announcing its intention to redeem and cancel all of the issued Preferred Shares 2009 Series 1, First National Bank (FNB) executed the redemption on March 13, 2015 after holders of the mentioned series receiving their redemption proceeds. Worth noting that the redeemable preferred shares series 1 were announced during an extraordinary general assembly held on May 8, 2009 where 150,000 shares were issued at a price of LBP 10,000 per share.
FNB’s Related Entities
NAME | COUNTRY | HOLDING |
| Capital Finance Company s.a.l | Lebanon | 100.00% |
Capital Trust Gulf Limited | UAE | 100.00% |
Middle East Capital Asset Management Limited [via Middle East Capital Group Limited] | Guernsey | 98.92% |
Middle East Capital Group (Offshore) S.A.L. [via Middle East Capital Group Limited] | Lebanon | 98.92% |
Middle East Capital Group Holding S.A.L. [MECG Holding][via Middle East Capital Group Limited] | Lebanon | 98.92% |
Middle East Capital Group Limited [MECG Group] | Guernsey | 98.92% |
| MECG Development S.A.L. [via Middle East Capital Group Limited] | Lebanon | 97.93% |
Source: Zawya