Yemen raises capital of the Reconstruction and Development Bank

The General Assembly of the Reconstruction and Development Bank “RDB” will hold its annual session meeting for approval of final accounts, profit distribution   and audit’s reports accounts for the financial year ending in December 31, 2011.

The bank’s Public Relations’ Manager Dr. Ahmed al-Bawab told the press that the bank had achieved YR 3 billion net profits last year despite the crisis that hit the country.

 Dr. Bawab said that the General Assembly will hold on the same day an emergency meeting to approve raising the Bank’s capital to YR 20 billion, where it is agreed that YR 2 billion will be added t the capital and the rest of the profits will be distributed at a rate of YR 110 to each share.

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