18-03-2018 07:04 PM
Baghdad News –
The Central Bank of Iraq approved the participation of customers from depositors who have bank accounts in all branches to participate in the subscription of the shares of the bank amounts available in their accounts in whole or in part to increase the capital of the bank (Article 56 paragraph IV of the Companies Law Amended No. 21 of 1997).
The bank said in a statement that the subscription mechanism will be regulated by an instrument or authorization from the customer’s account deposited to the subscription account. The depositor will be a shareholder in the bank’s capital under the certificate of shares to be supplied to them which are negotiable in the Iraqi market for securities after completion of capital increase procedures Bank, and that the nominal value of the share is one dinar.
The bank said, according to the statement, wishing to do so to review the management of the bank within the period of 15 days from the date of this announcement, accompanied by the supporting documents.