Silk Company’s financial transfer would like to turn into an Islamic bank

News Baghdad

Iraq Stock Exchange, announced Tuesday, a desire for company silk financial transfer to the transformation of an Islamic bank, noting that the bank’s capital will be 100 billion dinars.

Iraq Stock Exchange said in a press release received “Economy News”, a copy of it, “It will be a meeting of the General Authority for the company silk financial transfer in the thirteenth of next month to discuss the final accounts for the year 2016 and to discuss the changing activity of the company from a financial transfer to an Islamic bank.”

He added that he “will be at the meeting to discuss increasing the company’s capital from 45 billion dinars to 100 billion dinars in accordance with Article (55 / I) of the Companies Act,” asserting that “will be suspended from trading on the shares of Silk Company’s financial transfer from Tuesday’s session, which is being held Baltasa from next May ” .


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