Arab Finance: The Commercial International Bank Egypt (CIB) has submitted documents to the Egyptian Exchange (EGX) to list the EGP 204.44 million increase in issued and paid-up capital, according to a statement sent to the EGX on June 4th.
The issued and paid-up capital shall increase from EGP 29.990 billion to EGP 30.195 billion.
The capital increase of EGP 204.44 million is distributed over 204.44 million shares at a nominal value of EGP 10 per share.
CIB, the leading private sector bank in Egypt, provides banking services across the country through more than 200 branches and units.
The bank's segments include corporate banking, investment banking, retail banking, treasury, and capital market services.