Faisal Islamic Bank BoD ratifies capital hike by $73 m

Updated 4/10/2019 12:02:00 PM

ArabFinance: Faisal Islamic Bank of Egypt (FAIT) (FAITA) announced in a statement sent to EGX, the Board of Directors was held on April 01.

The BoD approved issued and paid capital hike from $366,830,586 to $ 440,196,703  with increase amounting to $73,366,117. The capital hike will be through the distribution of one free stock for every existing five held.