Al-Mansour Investment Bank Plans Annual General Authority Meeting
Al-Mansour Investment Bank has announced its Annual General Authority meeting, scheduled for February 26, 2025. The agenda will include a review of the final accounts for the financial year 2024, approval of profit distributions for shareholders, and a vote on an increase in the bank’s capital.
Meeting Objectives
During this meeting, the bank’s performance over the past year will be evaluated, with a focus on financial results. A proposed capital increase of 49 billion Iraqi dinars will be on the table, elevating the total equity from 351 billion to 400 billion Iraqi dinars. This strategic move aims to strengthen the bank’s financial standing and broaden its banking and investment offerings.
Regulatory Compliance and Future Strategy
The anticipated capital increase aligns with directives from the Central Bank of Iraq, designed to bolster the bank’s competitiveness and ensure sustainable growth that meets the evolving demands of the Iraqi banking sector. Additionally, the meeting will outline the strategic plan for 2025 and identify future directions for the development of banking products and services.
For ongoing updates, subscribe to our channel.
