Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase of Suez Canal Bank (CANA), the EGX stated on September 27th.

Accordingly, the company shall increase the issued and paid capital by EGP 1 billion to EGP 4.6 billion from EGP 3.6 billion.

The capital will be increased by issuing 100 million bonus shares, or 0.2777 bonus share for every share, at a nominal value of EGP 10 per share.

Shareholders are eligible to receive stock dividends on a record date of October 11th.

The company’s shares will be listed after the capital increase on the EGX's database with determining a reference price for its shares as of October 12th.

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