Damascus-SANA
The Constituent General Assembly of the National Islamic Bank announced, in a meeting held today at the Four Seasons Hotel, the final declaration of the establishment of the bank as a public joint stock company in Syria with a capital of 25 billion Syrian pounds.
The Chairman of the Securities and Markets Authority, Dr. Abed Fadliah, explained in a statement to a SANA representative after the meeting that the subscription process for the bank’s shares witnessed a significant increase in the number of shares offered for public subscription by about three times, which is a very good indicator that calls for optimism, stressing that the establishment of the bank is evidence of the development of the national economy despite years long war.
For his part, the founding advisor of the bank, Abdul Qader Dweik, confirmed that the aim of the bank is to contribute to the process of economic and social development, to provide part of the financing requirements for the process of reconstruction and reconstruction, to finance development and economic projects, to mobilize national savings and to re-employ them in productive projects, pointing out that the procedures for obtaining a record will soon be completed. Commercial bank and registration in the register of banks with the Central Bank of Syria.
The representative of the founders of the bank, Amer Jalouk, stated that the bank will provide all banking services, financing and investment activities, and the development of means of attracting funds and savings, explaining that the co-founders have subscribed to 75% of the bank’s capital shares. .
The meeting, during which the Board of Directors was elected, was attended by the founders of the bank from natural persons, representatives of legal persons, shareholders and representatives of the Central Bank of Syria, the Ministry of Internal Trade and Consumer Protection and the Syrian Securities and Financial Markets Authority.
Waseem Al-Adawi
