Count Down to relaunch



  • FRA nods UNB-Egypt to increase capital by LE70 m

    FRA nods UNB-Egypt to increase capital by LE70 m

    ArabFinance: Financial Regulatory Authority (FRA) approved on May 17, publishing Union National Bank Egypt's (UNB) (UNBE) disclosure report to conduct procedures of issued and paid capital hike according to the article No. 48 provision of EGX listing rules.

    Upon resolution of Board of Directors that held on May 12, 2018, the Company will hike the issued and paid capital to LE1,474,814,252 from LE1,404,585,000, with the increase amounting to LE70,229,252.

    The capital hike will be distributed over 12,540,938 shares with the par value worth LE5.60 per share financed from the net profits of the fiscal year ending December 31, 2017.

    #Related keywords

    All rights reserved to Arab Finance 2015 ©

    Back to top