Arab International Bank of Tunisia (BIAT) Announces Extraordinary General Meeting
The Arab International Bank of Tunisia (BIAT) has announced the convening of an extraordinary general meeting (EGM) on Friday, November 1st, 2024.
This decision was made by the Board of Directors during its meeting on September 25, 2024, to deliberate on a proposal to increase the bank's capital by incorporating reserves.
The planned capital increase involves the issuance of 5,100,000 new shares, with a nominal value of 5 dinars each, which will be allocated free of charge to existing shareholders.
Each shareholder will receive one new free share for every seven existing shares, thereby strengthening shareholder participation in the bank.
This operation will increase the bank's social capital from 178.5 million dinars to 204.0 million dinars, representing an increase of 25.5 million dinars.
The new shares will begin to bear interest from January 1st, 2024.
This initiative is part of a strategy to strengthen the bank's equity, aiming to support its growth and improve its investment capacity in a constantly evolving economic context.
Shareholders are invited to actively participate in this meeting, which could have a significant impact on the bank's future.
