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

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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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