AHLI UNITED BANK ANNOUNCES SUCCESSFUL COMPLETION OF PRE-EMPTIVE SHARE OFFER
Ahli United Bank BSC (AUB) has announced the successful completion of its pre- emptive share offer, launched on 8th November, 2007. A total of 364,025,764 shares were subscribed representing 121% of the issue size of 300 million shares.
“The response to AUB’s pre-emptive share offer has been extremely positive; the support we have received from our shareholders was strong and broad based, underscoring the confidence investors have in AUB as an integrated, regional, financial group. The capital injection received from our recent share offer will provide us with a solid foundation from which to further expand within the Gulf and Middle East region, “said Fahad Al- Rajaan, Chairman, AUB.
In accordance with the terms of the rights offer, the newly allotted 300 million shares will be separately identified for trading purposes until the AUB Annual General Meeting for the year ending 31 December 2007 as these shares will carry only pro-rated cash dividend rights for fiscal 2007. The dividend rights of the new shares for the current fiscal year will be calculated on the period starting from the Final Allotment Date i.e 09 December 2007 till 31 December 2007. The share certificates of the newly allotted shares and the refund cheques will be ready for collection at the head office of AUB at Seef District beginning from 13 December 2007 for a period of two weeks, after which they may be collected from the office of the Registrar KPMG (P.O Box 710, Al Hedaya House II, 5th Floor, Government Avenue, Manama, Kingdom of Bahrain, Telephone: ++973 17215080 Fax ++973 17212055).