Faisal Islamic Bank Egypt to distribute bonus shares
Updated 12/22/2021 9:52:18 AM
ArabFinance: Faisal Islamic Bank of Egypt (FAIT) decided to raise the issued and paid-up capital to $607.47 million from $506.22 million, according to a statement filed to the Egyptian Exchange (EGX).
The capital increase amounts to EGP 101.24 million distributed over 101.24 million shares.
Accordingly, 0.20000000079:1 bonus shares will be distributed as of January 6th, 2022, with the eligibility in distribution for shareholders until January 5th, 2022.
Faisal Islamic Bank of Egypt is a financial institution that offers banking and investment services in accordance with Islamic Sharia principles through its head office and 27 branches located across the country.
