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Jan 11: Listing Al Baraka Bank shares of capital hike

Jan 11: Listing Al Baraka Bank shares of capital hike

ArabFinance: The Listing Committee held on December 26, approved listing the issued capital increase of Al Baraka Bank Egypt (SAUD) to LE1,266,541,549 from LE1,101,340,478 with increase amounting to LE165,201,071.

The capital hike will be through distribution over LE23,600,153 shares, at par value of LE7 per share (by 0.15 free stock).

The capital hike will be financed from 2016 net profits, according to financial results ending December 2016.

The capital increase will be through 0.1499999994 free stock for every existing one held before increasing capital to shareholders as of record on 10/01/2017 and will be distributed on 11/01/2017.

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