(Ahlul Bayt News Agency) - A planned $143m rights issue has been postponed by Bahrain Islamic Bank citing market conditions, Reuters has reported.
"Due to market conditions that are beyond the bank's control...the bank's board of directors has resolved in its meeting on Sunday 6 March 2011 to postpone the rights issue," the bank said in a statement.
The issue that was scheduled to take place between March 9 and 23 would be completed before the end of June, it said.
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