ArabFinance: EGX's Listing Committee that held on Oct. 16, approved listing the issued capital increase of Faisal Islamic Bank (FAIT) by USD 73,366,117, distributed over 73,366,117 shares at the par value of USD 1.00/share.
It also ratified listing authorized capital increase from USD 500 million to USD 1 billion.
The bank decided to increase issued capital from USD USD 366,830,586 to USD 440,196,703.
It will disburse 0.19999999945 free stock for every existing one held before increasing capital on 31\10\2019, to shareholders who recorded on 30\10\2019.
It is worth mentioning that the share capital of the bank after the increase will be 220,921,033 shares.