NBK-Egypt sets due date of 2.333 stock dividend
Updated 7/6/2021 1:56:38 PM
ArabFinance: National Bank of Kuwait – Egypt (NBK-Egypt) (NBKE) decided to distribute a 2.33333333 free share for each one held, according to the company’s July 6th statement filed to the Egyptian Exchange.
The bank will pay the dividends on July 27th to the shareholders recorded on July 26th.
NBK – Egypt will increase its issued capital to EGP 5 billion, marking a rise by EGP 3.5 billion distributed on 350 million shares.
The capital raise will be financed from the 2020 profit.
NBK - Egypt posted a net profit of EGP 404.116 million in quarter one 2021.
NBK Egypt, formerly Al Watany Bank of Egypt SAE, is an Egypt-based public shareholding company engaged in the provision of corporate, retail, and investment banking services.
The bank’s financial services and products include trade finance, and commercial and residential mortgages, among others.
