Suez Canal Bank nods to bonus shares distribution

Updated 4/2/2023 1:02:00 PM
Suez Canal Bank nods to bonus shares distribution

Arab Finance: Suez Canal Bank’s ordinary general assembly meeting (OGM) has approved paying 0.27-for-1 bonus shares, worth a total of EGP 1 billion, to shareholders for 2022, according to a disclosure on April 2nd.

Accordingly, the bank’s issued capital will increase to EGP 4.6 billion from EGP 3.6 billion.

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