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QNB Alahli okays capital hike by LE979 m

QNB Alahli okays capital hike by LE979 m

ArabFinance: Qatar National Bank Alahli (QNBA) declared in a statement sent to EGX, the ordinary and extraordinary general assembly meetings were held on February 28.

The OGM approved the financial results for the fiscal period ending December 31, 2018, as well as the profit distribution attributable to shareholders of LE979,464,985 for the same FY year. It unanimously approved issued and paid capital hike by LE979,464,985 financed from public reserves which being pended on EGM approval. 

It also ratified transferring the profits of selling the Bank assets to public reserves.

The EGM approved amending to articles of association No. 21 and 25.

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