Arab Finance: The Egyptian Gulf Bank (EG Bank) will disburse 0.0212-for-1 bonus shares on July 29^th, according to a filing.

The eligibility in distribution will be for shareholders until a record date of July 28^th.

On March 25^th, EG Bank’s ordinary general meeting (OGM) approved raising the issued capital by $10.604 million via bonus share distribution.

Hence, the capital shall increase from $499.502 million to $510.106 million through the distribution of 10.604 million bonus shares, or 0.0212-for-1 bonus shares.

EG Bank is engaged in the provision of corporate, retail, and investment banking services through a network of 16 branches located across Egypt.

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