Commercial Bank of Qatar, the country's second-biggest lender by market value, said on Wednesday it planned to sell global depositary receipts (GDRs) to institutional investors.

Commercial Bank will hold a shareholder meeting before the end of May to approve the sale, it said in a statement on the Doha bourse website, without giving further details.

In March, Commercial Bank approved a plan to increase its capital by selling one share for every 10 held in a rights issue, saying the sale would be deferred until the fourth quarter.-Reuters