Bank AlJazira SR3 billion rights issue

Overview:

• Bank AlJazira has undertaken a SR3 billion rights issue.
• The bank is undertaking the deal in order to strengthen its capital base.
• The bank originally announced the rights issue in April 2015, withdrew the request in December of the same year before resubmitting in July 2016.
• NCB Capital was appointed as financial adviser.

Sam Duke - Editor