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EGX sets QNB Alahli's stock limit down

EGX sets QNB Alahli's stock limit down

ArabFinance: The Egyptian Exchange (EGX) set the limit down of Qatar National Bank Alahli (QNB Alahli) at 15.294%, according to the bank's July 6th announcement.

The circuit breaker of the company’s stock is also set at a limit down level of 10.588%, the disclosure added.

The stock's price movement limits are effective as of the closing session of the ex-dividend date on July 5th.

The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 1 per share.

QNB Alahli, formerly National Societe Generale Bank, is an Egypt-based bank that offers corporate and retail banking to corporate, and medium and small enterprises, as well as individuals. The bank is organized into three business segments: retail banking, corporate and investment banking, and Tawazon Fund.

 

(QNBA) 

 

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