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HomeNewsTunisia: QNB to increase its capital by more than 98 MD

Tunisia: QNB to increase its capital by more than 98 MD

Qatar National Bank Tunisia (QNB) has just announced that it will hold an Extraordinary General Meeting on October 30, 2017 at 10:00 am at the headquarters of the bank located in Tunis, with a view to making a capital increase in cash, ilboursa reported.

The capital of the bank will thus be increased by 98.4 million dinars to 258.4 million dinars by issuing 9,840,000 new shares with a par value of 10 dinars each. This capital increase is reserved for former shareholders of the bank.

QNB had generated a net deficit of 33.36 million dinars in 2016. After four successive years of deficit, the bank’s net equity stood at 77.6 million dinars, for a share capital of 160 million dinars.

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