Arab Finance: The Financial Regulatory Authority (FRA) has approved publishing the disclosure form proposed by the Export Development Bank of Egypt’s (EBank) board to raise issued and authorized capital, as per a statement by the FRA.

Hence, the issued capital will increase by EGP 2.456 billion distributed over 245.556 million shares at a par value of EGP 10 per share.

Accordingly, the capital shall rise to EGP 9.897 billion from EGP 7.441 billion.

Moreover, the authorized capital shall increase to EGP 20 billion from EGP 10 billion.

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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