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Doha Bank eyeing capital hike

: Monday, May 26 - 2014 @ 02:31

Doha Bank’s chief executive, R. Seetharaman has said the lender plans to raise additional capital in 2015 to underpin fast asset growth and potential acquisitions, Reuters has reported. Qatar’s fourth-largest bank by assets is looking at several options to raise capital, such as a rights issue, he said. “If our organic expansion is per the growth model we envisage, then we will need additional capital, which we will mobilize next year,” he said.

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Monday, May 26- 2014 @ 2:31 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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