BoB Sells 250,000 of its Shares to Rashid Al-Rashid
Bank of Beirut announced that on July 3, 2017 it has sold 225,000 common shares, worth $18.80 each, to Rashid Al-Rashid, one the bank’s board members. As such, the mentioned investor now owns 4.11% of the bank’s total shares (57,946,900 shares), while BoB owns 0.23% of the total.
Bank of Beirut’s Financial Results ($M)
| In millions of USD | 31-Dec-16 | 31-Mar-17 | YTD |
| Total Assets | 17,207 | 16,917 | -1.68% |
| Net loans and Advances to Customers at Amortized Cost | 4,701 | 4,757 | 1.20% |
| Customers’ Deposits at Amortized Cost | 12,312 | 12,229 | -0.67% |
| Total Shareholders’ Equity | 2,309 | 2,359 | 2.18% |
| Profit for the Year* | 43.78 | 50.24 | 14.77% |
Source: BoB financials
