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Article: Syria : Bemo Saudi Fransi Finance announces the official approval for Al-Baraka Bank - Syria's Public Offering.
- Article from:
- TendersInfo
- Article date:
- August 12, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: babalu03
Bemo Saudi Fransi Finance (BSFF)Bemo Saudi Fransi Finance (BSFF), IPO Manager, announced that Al-Baraka Bank - SyriaAl-Baraka Bank - Syria has received the official approval from the Syrian Commission on Financial Markets and Securities (SCFMS)Syrian Commission on Financial Markets and Securities (SCFMS) to issue and offer to public subscription 3.5 million shares with a nominal price of SYP 500 per share (50% of the share value payable upon subscription and the remaining sum payable within 3 years). The value of the publicly issued shares is SYP 1.75 billion representing 35% of the bank's capital of SYP 5 billion making Al-Baraka Bank-Syria the ...