EBank nods to capital increase via bonus shares issuance in Egypt

The capital shall be raised by EGP 840.144 million distributed over 84.014 million shares

Staff Writer, Arab Finance

January 18, 2024

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Export Development Bank of Egypt’s (EBank) ordinary and extraordinary general meeting (OGM and EGM) have approved raising the bank’s issued and paid-up capital via the issuance of bonus shares, as per a filing on January 17th.

Thus, the capital shall be raised by EGP 840.144 million distributed over 84.014 million shares

EBank is an EGX-listed bank that offers banking and financial services, which encourage the export activities of the agricultural, industrial, commercial, and services sectors.

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