Damascus-SANA
The Board of Commissioners of the Syrian Securities and Markets Authority has approved the approval of the 31,500 thousand shares to increase the capital of the “International Bank for Trade and Finance” to be issued, with a nominal value of 100 Syrian pounds per share, resulting from the inclusion of part of the retained earnings, so that the capital after the implementation of the increase becomes 8.4 billion pounds .
The decision specified the date of distributing the aforementioned shares as free shares to the shareholders registered in the bank’s records at the Clearing and Central Depository Center in the Damascus Stock Exchange at the end of Monday 20-9-2021, each according to his contribution to the capital.
The decision of the Board of Commissioners was based on the approval of the Ministry of Internal Trade and Consumer Protection to amend the bank’s articles of association with regard to the capital increase, and on the approval of the bank’s extraordinary general assembly.
Ahmed Souliman
