AMMAN — The Jordan Securities Commission (JSC) on Tuesday approved a JD17.2 million increase in the Jordan Commercial Bank’s capital. The capital will be increased through a share flotation for the bank’s shareholders. The reference price for the stock will be JD1.05.
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JSC approves capital increase for Jordan Commercial Bank
By Petra - Nov 20,2012 - Last updated at Nov 20,2012
Jordan Arab Investment Bank’s general assembly on Thursday approved the distribution of cash dividends at a rate of 12 per cent to shareholders.
Capital Bank of Jordan announced Monday in a press statement that the general assembly of shareholders has authorised capitalising JD16.5 million of retained earnings and raising the bank’s paid-up capital to JD181.5 million.
The Arab Bank’s general assembly on Thursday approved the recommendation of its board of directors to distribute 24.5 per cent dividends to shareholders, 12 per cent of which in cash and two free shares for each 16 shares.
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