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Cairo Amman signed an agreement with Capital Bank for the purchase of 9.9% of the Iraqi National

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rocky
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Cairo Amman signed an agreement with Capital Bank for the purchase of 9.9% of the Iraqi National

Post by rocky on Thu Dec 26, 2013 1:23 pm

Cairo Amman signed an agreement with Capital Bank for the purchase of 9.9% of the Iraqi National

December 26, 2013 14:54
Last Updated: December 26, 2013 14:54

Capital Bank (EXFB)
Cairo Amman Bank (CABK)
National Bank of Iraq (BNOI)
Cairo Amman signed an agreement with Capital Bank for the purchase of 9.9% of the Iraqi National
Bank announced that "Cairo Amman" announced today that it signed an agreement with Capital Bank of Jordan to buy a percentage of the shares of National Bank of Iraq. The bank said in a press release he got "a direct copy of it that the bank will purchase gain of 9.9% of the shares of National Bank of Iraq and owned by Capital Bank of Jordan, after the completion of the process of raising the bank's capital to 250 billion Iraqi dinars.
The statement pointed out that this agreement comes within the bank's plans to invest in companies and promising markets will not have a direct impact on the bank's financial results for the current year.

The National Bank of Iraq announced in early Dec. intention to IPO shares offered amounting to 98 billion shares to increase its capital in order to implement the Commission's decision to raise the bank's capital from 152 billion shares to 250 billion shares.

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