Next September 7th, shareholders of the Banque de l’Habitat (BH) of Tunisia will hold an extraordinary general meeting during which they will discuss the capital increase of the lender, raising it by 170 million dinars ($70.4 million) to 238 million dinars ($98.55 million).

The capital raising will occur via an incorporation of reserves valued at 34 million dinars ($14.07 million) and a distribution of 6.8 million additional free shares on the basis of one new share for five old. Besides, capital will be raised by issuing 6.8 million shares to be subscribed, on the basis of one new share for five old. Price per share is set at 5 dinars with a 10 dinars issuance premium.

Many Tunisian banks, over the past months, have raised their capital, the latest being Amen Bank.

Chamberline Moko