Arab Finance: The Egyptian Exchange (EGX) announced that the Export Development Bank of Egypt (Ebank) submitted documents to list the shares of its issued and paid-up capital increase, according to a disclosure on February 22nd.
As per the documents, the bank seeks to increase its issued and paid-up capital from EGP 5.273 billion to EGP 5.6 billion through the issuance of 32.736 million shares at a nominal value of EGP 10 per share; to be financed from 2022 retained earnings and profits.
The EGX is currently studying the submitted documents in preparation for presenting them to the EGX’s Listing Committee.