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FRA approves Al Baraka Bank increase

FRA approves Al Baraka Bank increase

ArabFinance: Financial Regulatory Authority (FRA) approved on June 18 Al Baraka Bank – Egypt’s (SAUD) disclosure report to conduct procedures of issued capital increase to EGP 1.54 billion from EGP 1.40 billion, with an increase amounting to EGP 140 million

The capital hike will be through distributing 0.10 bonus share for every original share. 

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