Bank Audi will Increase its Capital through the issuance of Preferred “J” Shares

During the extraordinary general assembly held on July 21 , 2017, Bank Audi  shareholders agreed upon the decision to raise the bank’s capital through the issuance of 2.75M new Preferred “J” shares worth $275M, with a nominal value of LBP 1,663 per share, to be listed on the Beirut Stock Exchange.

If demanded subscriptions were to exceed the initial issued, new shares will be issued on a pro rata basis. The period of subscribing to the new shares is from 29 September to 3 October.

Characteristics of Bank Audi Preferred Series “I” shares

Number of shares issued2,750,000
Nominal Value per shareLBP 1,6663
Issue Price$100

Source: BSE


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