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Economy News – Baghdad:
Asia Islamic Bank for Investment and Finance decided to increase its capital to 150 billion dinars instead of 100 billion dinars.
A source in the banking sector told “Economy News”, “The General Assembly of the Islamic Bank of Iraq, Iraq Islamic Investment and Finance decided at its last meeting unanimously approved to increase the capital of the bank from 100 billion dinars to 150 billion dinars,” pointing out that “the value of the share of one dinar” .
He added that “the General Assembly decided to increase the number of members of the Board of Directors of the Bank from 5 original members to 7 original members and the same reserve.”