BIAT has announced that its Board of Directors, meeting on Wednesday, September 25, 2024, has decided to convene an Extraordinary General Meeting (EGM) on Friday, November 1, 2024 to decide on a proposal to increase the Bank’s capital through the incorporation of reserves.
This capital increase provides for the issue of 5,100,000 new shares with a nominal value of 5 dinars each, to be allotted free of charge to existing shareholders on the basis of one free new share for seven existing shares.
This would increase BIAT’s share capital from 178.5 million dinars to 204 million dinars, an increase of 25.5 million dinars.
The new shares will be entitled to dividends from January 1, 2024.
