ADIB Egypt discloses bonus shares distribution date

Getty Images/Getty Images

ADIB Egypt is an EGX-listed bank that operates within the provision of retail, corporate, and investment banking services

Staff Writer, Arab Finance

June 25, 2024

PHOTO

Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) will distribute 0.2-for-1 bonus shares on July 11th, as per a disclosure.

The eligibility in the stock dividend distribution will be for shareholders of a record date on July 10th.

This comes as part of the bank’s issued and paid-up capital increase process.

On March 21st, ADIB Egypt’s extraordinary general meeting (EGM) approved the board’s proposal to increase the issued and paid-up capital from EGP 5 billion to EGP 6 billion.

The capital increase amounts to EGP 1 billion and is distributed over 100 million shares at a nominal value of EGP 10 per share.

ADIB Egypt is an EGX-listed bank that operates within the provision of retail, corporate, and investment banking services through its network of branches across Egypt.

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.