JAKARTA - PT Bank Muamalat Indonesia Tbk plans to hold a rights issue and issue 32,965,640,490 Series B shares with a nominal value of Rp 100 per share. The plan will be decided at the company's Extraordinary General Meeting of Shareholders (EGMS) which will take place on 19 December 2019.
As quoted from the company disclosure, the corporate action will be carried out no later than 12 months after the EGMS, given that it is approved by the company's shareholders. Funds from the rights issue will be used to improve the company's Capital Adequacy Ratio (CAR) and increase capital.
The company has various shareholders, including Islamic Development Bank (32.74%), Boubyan Bank (22%), Atwill Holding Ltd (17.91%), National Bank of Kuwait (8.45%), IDF Investment Foundation (3, 48%), BMF Holding Limited (2.84%), and the public (12.58%). (LK/AR)