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HomeNewsTunisia: BIAT will increase its capital to 178.5 million dinars

Tunisia: BIAT will increase its capital to 178.5 million dinars

The Extraordinary General Meeting of BIAT shareholders, which will be held remotely on June 3, 2020, the same day as the OGA, should rule on a capital increase of 8.5 million dinars.

BIAT’s share capital will thus be brought up from 170 million dinars to 178.5 million dinars through the capitalization of ordinary reserves amounting to 8.5 million dinars and the issue of 850,000 new shares, with a nominal value of 10 dinars each, to be allocated free of charge to the former shareholders at the rate of one (1) new free share for twenty (20) old shares.

The new shares will be entitled to dividends as of January 1, 2020.

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