Ebank’s OGM Oks capital increase

Updated 7/4/2024 9:53:00 AM
Ebank’s OGM Oks capital increase

Arab Finance: Export Development Bank of Egypt’s (EBank) ordinary general meeting (OGM) has approved raising the issued and paid-up capital by EGP 2.456 billion via the distribution of 0.249-for-1 bonus shares, as per a filing.

Accordingly, the capital will be increased to EGP 9.897 billion from EGP 7.441 billion.

In addition, the bank’s extraordinary general meeting (EGM) has greenlit increasing the authorized capital to EGP 20 billion from EGP 10 billion.

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