NBK-Egypt EGM to review voluntary delisting

Updated 7/26/2021 1:48:02 PM

ArabFinance: National Bank of Kuwait – Egypt’s (NBK-Egypt) (NBKE) board of directors that will take place on August 10th, will review the invitation of the Extraordinary General Meeting (EGM) to approved voluntary delisting from the Egyptian Exchange.

NBK-Egypt decided on July 6th to distribute a 2.333 free share for each one held.

The listed bank posted a net profit of EGP 404.116 million in quarter one of 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.