London - Britain's Barclays bank said in London Friday it plans to raise some 7.3 billion pounds (11.8 billion dollars) in fresh capital from investors, mostly from the Middle East.
Barclays said the move fulfilled government regulations for raising capital and avoided a government bail-out for the bank, keeping it "strong and independent."
The investments would mostly come from state funds and the royal families in Qatar and Abu Dhabi, but also from existing shareholders and institutional investors.
There would be no dividend paid out for the end of 2008.
The bank said that preliminary results for the first nine months of 2008 were "slightly ahead" of the same period in 2007.