The board of Islamic Financial Securities Company, affiliated to Islamic Holding Group, decided to increase the company’s capital in two phases, according to the group's filing to Qatar Exchange (QE).

In the first phase, the company will raise its capital by QAR 10 million to reach QAR 30 million.

As for the second phase, the QAR 20 million capital increase will be undertaken only after the group finalizes its capital hike.

The group’s capital amounts to QAR 4 million, distributed on 4 million shares at QAR 10 par value.