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ISX to launch North Bank secondary offering tomorrow

ISX to launch North Bank secondary offering tomorrow
North Bank
BNOR
-12.50% 0.07 -0.01
Iraqi Stock Exchange (ISX) announced that it will list secondary offering of North Bank for Finance and Investment. This secondary offering amounts 35 billion shares and it will be launched starting from tomorrow’s session, Thursday, August 28.

This procedure came as an execution of the bank’s decision taken in the general meeting held on June 26, 2014, when the bank’s shareholders approved raising the capital from 265 billion shares to 300 billion shares.