November 25, 2006	Saturday	Ziqa'ad 3, 1427

KARACHI, Nov 24: Saudi Pak Bank has decided to issue 30 per cent right shares at par. The decision was taken by the board of directors in its 92nd meeting held in Lahore on Thursday, says a press release.

It says that by virtue of this right issue the paid up capital of the bank will increase from Rs3.84 billion to over Rs5 billion.

Saudi Pak Commercial bank ltd is a subsidiary of the Saudi Pak Investment Company, a joint venture between the governments of Pakistan and Saudi Arabia.