Two Iraqi companies complete capital rise procedures-bulletin

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange Board on Tuesday announced the completion of new amendments and capital rise for two domestic companies. “The legal procedures for amending the Iraqi State Company for Land Transport’s contract from 2.0 billion in capital to 3.44 billion Iraqi Dinars (nearly $9.2 million) have been completed,” said a Stock Exchange Board bulletin. “The company issued new shares for its amended contract after adding 70 percent profit to its capital.” The announcement pointed out al-Ahliya Company completed its amendment raising its capital from 1 billion Iraqi Dinars to 1.150 Iraqi Dinars after adding its 0.15 percent. AM (P)/SR 1