Cairo – Mubasher: Crédit Agricole Egypt is increasing its issued capital by EGP 3.75 billion by distributing a total amount of 939.08 million bonus shares at a par value of EGP 4 per share.

The lender will grant 3.02 bonus shares for every original share to the shareholders of record date 29 December, according to a bourse filing on Monday.

Crédit Agricole Egypt will distribute the bonus shares on 30 December.

The new capital will stand at EGP 5 billion, compared to EGP 1.24 billion prior to the capital hike.

It is worth noting that the bank’s initial consolidated financial results showed a net profit of EGP 1.17 billion in the first nine months (9M) of 2021.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.