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 Issued||3M|
|Capital after Issuance||$123.38M|
|Midclear Execution Date||14/03/2016|