Bloomberg News

Qatar’s Barwa Bank Shareholders Approve Capital Increase

October 26, 2011

Oct. 26 (Bloomberg) -- Barwa Bank shareholders voted to raise the Qatari Islamic lender’s issued capital from 1.9 billion riyals to 3 billion riyals, according to an e-mailed statement.

The bank’s authorized capital will increase from 2.5 billion riyals to 6 billion riyals, said Barwa statement said.

To contact the reporter on this story: Maher Chmaytelli in Dubai at mchmaytelli@bloomberg.net

To contact the editor responsible for this story: Maher Chmaytelli at mchmaytelli@bloomberg.net


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