National Islamic Bank announces its plan

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Private

29-8-2021

The National Islamic Bank – under establishment – announced its plan for horizontal geographical spread during the first three years after its establishment, which includes the opening of a general administration for the bank in the second regulatory area “Marota City” in Damascus and eight branches in a number of governorates.

According to the prospectus, the founders who contributed to the establishment of the bank subscribed to 75% of the bank’s capital shares, and they are the “New Generation” SLM-L “Lebanese Holding Company with a subscription of 49% of the number of shares, the Industrial Bank by 10%, and the Syrian Investment Company For transport and logistics solutions with limited liability by 1%, in addition to a number of Syrian investors, with close percentages of up to 15%.”

The founders of the bank had announced the offering of the remaining 25% of the uncovered capital shares of the founders for public subscription starting from the 17th of this month until the end of official working hours from Sunday the 5th of the next month, indicating that if the required subscriptions are not covered, the subscriptions will be made. Extending the subscription period by a decision from them and in coordination with the concerned authorities.

The number of shares offered for subscription is 62 million and 500 thousand shares worth 6 billion and 250 million Syrian pounds, representing 25 percent of the capital of the National Islamic Bank at an issue price of 100 Syrian pounds per share, and the minimum subscription is 5 thousand shares, and the maximum subscription for natural persons is 5 percent of the capital. the bank.

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