Al-Taif Bank raises its capital to 153 billion dinars
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Al-Taif Bank raises its capital to 153 billion dinars

Al-Taif Bank branch in Maysan Governorate
12/15/2020
Economy News - Baghdad
Al-Taif Islamic Bank announced that it raised its capital to 153 billion dinars.
A document seen by "Al-Eqtisad News" revealed that "the legal procedures for amending Article Four of the Articles of Association have been completed by increasing the company's capital from 100.2 billion dinars to 153 billion dinars."
The document affirmed that "the share price of Al-Taif Islamic Bank amounted to 1 dinar in accordance with the provisions of the amended Companies Law No. 21 of 1997."
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