Middle East & Africa Bank S.A.L (MEAB) Increased its Capital to LBP186B

Following the extraordinary  general assembly’s approval on the 16th of February, Middle East & Africa Bank S.A.L increased its capital from LBP156B (equivalent to $103.48M) to LBP186B (equivalent to $123.38M) by issuing 3M nominal shares with a value of LBP10,000/share (equivalent to $6.63/share). The transaction was executed through Midclear on the 14th of March, 2016, sending the number of non-listed common shares to 18.6M. 

MEAB’s Capital Increase Details

Increase in Capital$19.90M
Number of Nominal Shares Issued3M
Capital after Issuance$123.38M
Midclear Execution Date14/03/2016


Source: Midclear

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