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ICBG News
15 February
Dow Jones Newswires Interviews ICBG Chairman on $16.5M in LoansMay 2009
NOTEJune 2007
ICBG News UpdateOctober 2006
ICBG Launch Set For Late OctoberSeptember 2006
ICBG Website OpensPortal Iraq News
Employment found in cleaning Iraqi city Iraq's Education Management Information System develops USAID helps track price fluctuations in Baghdad's wholesale markets Iron, folic acid supplements delivered to Baghdad Iraq MoCH needs computer network for Technology Transfer Center USACE awards Versar $40.6 million contract for Iraq reconstruction effort Iraqi leaders discuss security, economy at first-ever Northern Governors' Conference Construction of Iraqi border forts progressesIraq Updates - Economy
3 September
Federal Appeals Court Discharges Former Iraqi Trade Minister Government Unlikely to Pay Salaries Before Eid al-Fitr Zamily Calls Parliament to Enact Laws to Boost Iraq Economy New Wheat and Rice Bids to Provide Iraq Market Needs ISX Caps Week with Slight 0.04% Down2 September
U.S. Touts Iraq Trade Mission As War Mission Wanes Jordan's Industry and Trade Minister Leads Commercial Delegation to Kurdistan Kurds Want Jordanian Businesses to Invest More in Kurdistan
Central Bank of Iraq Approves ICBG Conversion into a JSC
May 7, 2009
Monday 18 May 2009
Central Bank of Iraq Approves ICBG Conversion into a JSC
May 7, 2009.
In a letter addressed to ICBG, the Central Bank of Iraq has recently approved the conversion of ICBG into a Joint Stock Company (JSC). The conversion is considered an important step toward widening the membership base and fostering the principles of transparency and accountability before shareholders and donors.
Central Bank of Iraq Directorate General of Credit& Banking Supervision
DateReference No: 9/3/1974
Attention: Iraqi Company for Bank Guarantees
Subject: Conversion of ICBG into JSC
Reference is made to your letter Number 750 dated April 29, 2009
We would like to point out the following:
1. Conversion of your company into a JSC has been approved 2. The company is requested to amend the of Articles of Association in relation to its capital and structure from a LLC to JSC 3. Contribution of Trans Iraq and Al Huda as shareholders has been endorsed and a list of all founding members and the percentages of their contribution should be furnished to CBI
Sincerely Yours Ali Hassan Abu Nayla
General Manager
Directorate General for Credit & Banking Supervision
CC:
Baghdad Chamber of Commerce to change the status of the company from LLC to JSC.
Tran Iraq Bank for Investment
Al Huda Bank
