CIB’s issued capital to increase by EGP 204.4M

Updated 1/25/2023 1:32:00 PM
CIB’s issued capital to increase by EGP 204.4M

Arab Finance: The board of directors of Commercial International Bank Egypt (CIB) (COMI) agreed to increase the issued and paid-up capital by EGP 204.44 million, according to a statement sent to the EGX on Wednesday.

The issued and paid-up capital will increase from EGP29.990 billion to EGP 30.195 billion.

The board also approved the amendment of Articles 6 and 7 of the bank’s Articles of Association.

CIB, the leading private sector bank in Egypt, provides banking services across the country through more than 200 branches and units.

The bank's segments include corporate banking, investment banking, retail banking, treasury, and capital market services.

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