Indonesia's Bank Muamalat to increase equity with rights issue
JAKARTA–Indonesian Islamic bank Muamalat will increase equity through a pre-emptive rights issue of 39.81 billion new c-series shares next month, with an indicative price 30 rupiah per share, in the hopes of raising 1.19 trillion rupiah ($83.9 million) from investors. In addition to this, the lender will also issue 2 trillion rupiah ($140.5 million) sub debt (sukuk), Hayun Aji, its corporate secretary, told Salaam Gateway.
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