Banking
Rights Issue — Proceeds from Existing Shareholders
Existing shareholders exercise their rights to purchase new shares at a discount.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 30,000,000.00 | - |
| Common Stock (New Shares — Par) | Equity (+) | - | 3,000,000.00 |
| Share Premium / APIC (Excess over Par) | Equity (+) | - | 27,000,000.00 |
💡 Accountant's Note
Rights issues are the most common way for Jordanian banks to raise capital. Existing shareholders maintain their proportional ownership. The subscription price is typically set at a discount to market price to incentivize take-up.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.