Bank of Beirut Redeems Preferred Shares Class “F” end of 2014

During the ordinary general assembly, Bank of Beirut’s (BoB) shareholders agreed to redeem BoB preferred shares class “F” that were issued in 2009 for 5 years, and whose holding period ends the last working day of 2014. In parallel, and in order to increase the bank’s capital to fund its expansion in Lebanon and abroad, the BoB will issue new preferred shares class “J”. Moreover, previous holders of preferred shares class “F” will be able to subscribe to the new issuance of class “J” shares.

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