Mubasher: Bahrain Islamic Bank announced on Tuesday that the rights issue shares was 100% covered.   

The bank said, in a statement, that the number of rights issue shares came to 170.94 shares, and it will complete the procedures of allocating shares and trading them in Bahrain Bourse according to the schedule previously announced.     

Hassan Ameen Jarrar as Chief Executive Officer of the bank, said that big shareholders made an effective rule in the success of the issuance, which is expected to help in executing the bank’s five-year strategy and its capital base.   

The right issue started on November 15 with 171 million shares worth BHD 0.117 for each.