Ithmaar Bank raising $400m for retail
Ithmaar Bank started the subscription period for a $200m rights issue to raise capital for its retail operations on Thursday. The Bahrain lender’s offer, which runs until March 25, is for new shares at $0.25. It will also issue a $200m mandatory convertible sukuk.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts