Wednesday, 24 December 2008
Qatar Islamic Bank raises more capital
In an all too familiar pattern the Qatar Islamic Bank issued shares worth 3.8 billion riyals to Qatar´s sovereign wealth fund. Qatar Islamic shareholders the issue of about 39.38 million new shares at a price of 97 riyals to the Qatar Investment Authority. This is part of Qatar's $5.3 billion plan plan shore up investor confidence in the banking sector.