During the extraordinary general assembly held on November 26 , 2016, Bank Audi shareholders agreed upon the decision to raise the bank’s capital from LBP 668.19B ($443.24 M) to LBP 672.33B ($ 445.99 M) through the issuance of 2,500,000 new Preferred “I” shares worth $250M, with a nominal value of LBP 1,656 per share, to be listed on the Beirut Stock Exchange.
Characteristics of Bank Audi Preferred Series “I” shares
|Number of shares issued||2,500,000|
|Nominal Value per share||LBP 1,656|
|Type of Share||perpetual, non-cumulative, redeemable|