Doha Bank’s Board of Directors to Increase the Bank’s Capital by 50%
Doha, September 19 (QNA) – The Board of Directors of Doha Bank have taken the following resolution in its meeting held on, the 18th of September 2012: The board have resolved to submit a recommendation to the Extraordinary General Assembly to increase the capital of the bank during the first quarter of 2013 by 50% to meet the bank’s strategic business development requirements.
The instruments, issue s value and premium, date of issue and any other related details would be disclosed in accordance with the enforced laws after completion of necessary studies and obtaining approval of the competent authorities.
Doha bank was incorporated in 1978 and commenced its domestic and international banking services in Doha, Qatar on March 15, 1979. (QNA)