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May 7: Listing Export Development Bank capital hike shares

May 7: Listing Export Development Bank capital hike shares

ArabFinance: The Listing Committee held on May 02, approved listing the issued capital increase of Export Development Bank of Egypt (EXPA) to LE2.728 billion from LE1.728 billion with increase amounting to LE1 billion.

The capital hike will be distributed over 100 million shares at a par value of LE10 per share financed in cash from the existing shareholders' subscription. It is worth to mention, the subscription was run starting December 31, 2017, until January 23, 2018. 

The company stocks after capital increase will be added to EGX's database starting from May 07, 2018, to be 272,800,000 stocks. 

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