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Iraq's Rasheed Bank raises capital to 250 billion dinars

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rocky
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Iraq's Rasheed Bank raises capital to 250 billion dinars

Post by rocky on Tue 12 Aug 2014, 4:02 pm

Iraq's Rasheed Bank raises capital to 250 billion dinars 

Twilight News / approved caretaker government in Iraq Tuesday to increase the capital of the Rasheed Bank to 250 billion dinars.

alt The approval came as part of a regular session held by the Council of Ministers headed by Nuri al-Maliki, who runs a caretaker government with Haider Abadi assigned to the formation of a new government.

According to the Council of Ministers said in a statement reported for "Twilight News" that he agreed to increase the capital of the Rasheed Bank an amount of 50 billion dinars to the amount of $ 250 billion dinars.

This increase was based on the provisions of Article 10 of the Companies Act No. 22 of 1997 as amended.

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