Jamii Bora seeks Sh520m in Rights Issue

11:10 18/09/2012 Nairobi – Jamii Bora Bank has launched a Rights Issue targeting to raise Sh520 million.

The Rights Issue which will trade through private placement will see Jamii Bora issue 3.7 million new ordinary shares at Sh140 each.

The shares will be issued at the ratio of two new ordinary shares for every five ordinary shares held, with the Right Issue set to close on November 9.

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