EGX approves listing EBank’s EGP 400M capital increase
Updated 2/28/2024 9:35:00 AM
Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase of the Export Development Bank of Egypt (EBank) of EGP 840.144 million distributed over 84.014 million bonus shares at a nominal value of EGP 10 per share, as per a disclosure on February 28th.
Thus, the capital shall be raised from EGP 6.600 billion to EGP 7.441 billion.
The 0.127276-for-1 bonus shares will be distributed, with eligibility in distribution to shareholders until a record date of February 28th.
The company's capital after the increase will be listed on the EGX's database on February 29th.
EBank is an EGX-listed bank that offers banking and financial services, which encourage the export activities of the agricultural, industrial, commercial, and services sectors.
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