Doha-Mubasher:  Islamic Holding Group revealed on Tuesday that its shareholders ratified a capital increase of as much as QAR 20 million to QAR 60 million, accounting for 50% of the company’s capital.

In its filing to the Qatari Bourse, the securities company said that the capital boost will be executed through issuing two million shares for subscribing shareholders.

The subscription will be at nominal value of ten Qatari riyals per share with an issue premium of QAR 40 per share.

In its extraordinary general meeting yesterday, the Islamic broker also set 1 December 2015 as the record date for eligible subscribers.

Ernst & Young has been chosen to act as auditor to follow-up on the company’s offering.

In today’s trading session, Islamic Holding stock showed a positive activity at open, rising 2.35%.