During the extraordinary general assembly held on March 21st, 2016, Bank of Beirut (BoB) shareholders agreed upon the decision to raise the bank’s capital from LBP 105.41B ($69.24 M) to LBP 109.38B ($ 72.56 M) via the issuance of 2,717,500 nominal common shares, worth LBP 1,460 per share.
Accordingly, 34% of these shares were listed on the Beirut Stock Exchange (BSE) on July 13th, 2016, while the remaining shares will be not be listed. Resultantly, the number of listed and non-listed common shares became 17.75M and 35.48M, respectively.
Bank of Beirut Financial Results ($B)
Source: BoB Financials